The Federal Reserve Bank of Cleveland is one of 12 Reserve Banks that together with the Board of Governors in Washington DC, comprise the Federal Reserve System. As the US central bank, the Fed formulates and implements monetary policy, provides payment services to commercial banks and the US government, and supervises banking institutions.The Cleveland Fed operates from its headquarters in downtown Cleveland and from two branches in Cincinnati and Pittsburgh. It employs some 1000+ people and serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky.The Cleveland Fed began operating in 1914 in a temporary location, and opened its current headquarters in 1923.Contrary to common misperception, the Cleveland Fed’s employees are not government employees. The Federal Reserve is an independent entity within government. It is not owned by anyone and is not a private, profit-making institution.Social Media Guidelines: https://www.clevelandfed.org/social-media-guidelinesALERT: Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels. https://lnkd.in/g5RZwpJA

Website

http://www.clevelandfed.org

External link for Federal Reserve Bank of Cleveland

Industry

Banking

Company size

501-1,000 employees

Headquarters

Cleveland, OH

Type

Nonprofit

Founded

1914

Specialties

Monetary Policy, Payment and Financial Services, Bank Supervision and Regulation, and Economic Research

• Primary

  1455 East Sixth Street

  Cleveland, OH 44114, US

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• 150 East Fourth Street

  Cincinnati, OH 45202, US

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• One Oxford Centre, Suite 3000

  301 Grant Street

  Pittsburgh, PA 15219, US

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• Sam Sherwood

  Engineering Consultant | Bridging Insights and Execution

• Hal Martin

  Director of the Small Business Credit Survey and Policy Economist at Federal Reserve Bank of Cleveland

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  Chief Human Resources Officer

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• Federal Reserve Bank of Cleveland

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  ALERT: Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.https://lnkd.in/g5RZwpJA

  Federal Reserve System Careers

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• Federal Reserve Bank of Cleveland

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  What a great summit! Last week, we brought together over 600 leading voices from across the nation for our premier community development conference, Policy Summit, to exchange best practices and explore solutions to challenges that low- and moderate-income communities face. Policy Summit 2025 featured insightful discussions on labor market conditions, investing in communities, affordable housing, workforce development, policy solutions, and so much more. Stay tuned for event recordings from the conference, and thank you to all our staff, speakers, and participants for making this event possible.#PolicySummit2025

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• Federal Reserve Bank of Cleveland

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  The Cleveland Fed’s Survey of Regional Conditions and Expectations (SORCE) administered a set of questions about the potential impact of higher tariffs and changes in immigration policy on businesses. In May 2025, respondents from across the Fourth District shared their insights about the potential impact of higher tariffs and changes in immigration policy on businesses as well as state and local economies. Our latest District Data Brief, written byLisa Barrow andMitchell Isler explores this research:https://clefed.org/4eq2TVG

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  Home prices nationwide have surged more than 60% since 2019, pushing the median price of a single-family home to a record high of $412,500 in 2024. What can be done to address the crisis? That question was in focus during “The State of the Nation’s Housing 2025.” The recent event was cohosted by the Harvard Joint Center for Housing Studies and theFederal Reserve Bank of Atlanta, Federal Reserve Bank of Boston,Federal Reserve Bank of Cleveland,Federal Reserve Bank of Dallas,Federal Reserve Bank of Minneapolis,Federal Reserve Bank of New York,Federal Reserve Bank of Philadelphia, andFederal Reserve Bank of San Francisco. Read more:bit.ly/46kd2B9

  Single-family home prices hit record highs in 2024. What does that mean for local economies? - Federal Reserve Bank of Boston

  bostonfed.org

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  MeetSabrina Fernandez, credit risk analyst in the Credit Risk Management Department of Supervision, Credit Risk, and Statistics. We asked her a few questions to get a peek into her experience working at the Fed, including what she finds rewarding about her job, whom she admires, and her greatest accomplishment. --- What gets you going in the morning? “I usually have a matcha latte in the morning and a good breakfast, which for me always includes eggs.” What do you find rewarding or enjoyable about your job? “The most rewarding thing about being a regulatory data analyst is knowing that the bank reports we analyze are being used by economists, researchers, and the Board of Governors to make important decisions on the economy and the wellbeing of Americans. It gives me that extra motivation to do the best job I can since people’s lives could be affected by the accuracy of my work.” Whom do you admire most? “My mom is my role model and greatest source of inspiration. She has been through so much in her life, and she just keeps on going. She is amazing, resilient, and determined.” Where is the most exciting place you have traveled? “I usually try to take a trip around November for my birthday. Last year, I went to Seattle and loved it—the food, the markets, and the sightseeing were all excellent. The big highlight was hiking Mount Rainier. It was snowing when I was there, and it was just so beautiful. Everything was so calm that I wished I could have stayed there forever. I would love to go back someday.” What is your greatest accomplishment? “My greatest accomplishment so far has been finishing my first half marathon. It was such a great feeling to know that I pushed myself to finish. There was a moment when I reached mile six that my knees were giving out and I was feeling my body slowing down. Then the right song started playing and I pushed through to the end!” ---#FederalReserve#DayInTheLife#CreditRisk

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  New newsletter!🎤 President Hammack says in new remarks she favors waiting for clarity in the data📆 Latest Conversations on Central Banking event explores the economic impact of tariffs📈 Business leaders expect inflation to increase👟 Day in the life of Sabrina Fernandez, credit risk analyst, Credit Risk Management Department⬇https://bit.ly/3THc8qS#FederalReserve#tariffs#InflationExpectations

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  In a newly released working paper, researchers examine how China’s college expansion program contributes to the rapid growth of firms’ R&D expenditure and productivity. In their model, heterogeneous firms make endogenous R&D decisions, requiring them to allocate skilled workers between production and R&D. See their findings:https://clefed.org/45DBIo8

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  Want to attend our community development conference, Policy Summit 2025, but missed the deadline for in-person registration? Join us virtually! Don’t miss out on the engaging discussions focused on research and innovative strategies related to housing, workforce, and economic development. Registration for virtual attendance is still open:https://clefed.org/45fKCYN#PolicySummit2025#CommunityDevelopent#Workforce #Housing

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  Federal Reserve Bank of Boston

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  Join researchers, policymakers, and housing industry stakeholders on June 24 to examine current dynamics of housing across the country. The event, co-hosted by the Boston Fed, releases theHarvard Joint Center for Housing Studies “The State of the Nation's Housing 2025” report. Event highlights include: -A report presentation by the Harvard Joint Center for Housing Studies’ Daniel McCue -Remarks by Chris Herbert, Managing Director, Harvard Joint Center for Housing Studies, Federal Reserve Bank of Boston President Susan M. Collins, and Eric Belsky of the Federal Reserve Board of Governors -Panel discussions featuring industry representatives, policymakers, housing advocates, and Federal Reserve community development experts For more information and to register, visithttps://bit.ly/45yCtPg. Other co-hosts for the event include theFederal Reserve Bank of Atlanta,Federal Reserve Bank of Cleveland,Federal Reserve Bank of Dallas,Federal Reserve Bank of Minneapolis,Federal Reserve Bank of New York,Federal Reserve Bank of Philadelphia, andFederal Reserve Bank of San Francisco.

  The State of the Nation's Housing 2025

  jchs.harvard.edu

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  In a revised working paper, researchers study how monetary policy communications associated with increasing the federal funds rate causally affect consumers' inflation expectations in real time. See their findings:https://clefed.org/3FGzfyx#FederalReserve#MonetaryPolicy

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