Federal Reserve Bank of Cleveland

What is disinflation? This stop-motion video from our Center for Inflation Research breaks it down and explains how it’s different from deflation. Learn more: https://clefed.org/4roWRdg #Disinflation #Inflation #FederalReserve

Beth Hammack, our president and CEO, will be speaking tomorrow at a Dayton Area Chamber of Commerce event in Kettering, OH. You can watch her moderated Q&A live at 8:15 am: https://lnkd.in/epw2K52i

We opened our doors to our colleagues’ families and friends for our latest Bring a Guest to Work Day! Guests received a tour of our historic building, attended a Federal Reserve 101 presentation, and learned all about the work that we do every day. 📸: Cleveland Fed employees presenting to colleagues and their guests at our Cleveland office.

Meet Marie Baker, MBA, an information management manager in our Supervision, Credit Risk & Statistics department. With nine years at the Cleveland Fed, Marie brings adaptability, resilience, and a passion for collaboration to her work. She shares her experience tackling big projects, and leading major projects like the Regional Banking Forum. Curious why she does what she does, what she’s been working on, and how she spends her time outside the office? Read Marie’s Day in the Life, then subscribe to receive future newsletters: https://bit.ly/4hND8lR

Now is the time to act. There’s no tension in the mandate. Policy isn’t restrictive. And the longer we wait to take action to bring inflation back to our 2 percent objective, the more challenging it will be to bring it back down and the more expensive it will be for the American people. In this sixth year of elevated inflation, for Fourth District residents, it's already expensive. • For the Sandusky, Ohio restaurant owner who had to drop his building insurance after seeing the premiums triple in three years. • For the mid-sized Wooster, Ohio manufacturer that can't raise prices despite soaring input costs. • And for the Erie, Pennsylvania worker who has to tell his kids he can’t get them the ice cream they ask for because he just doesn't have any extra cash. These are the real-world consequences of elevated inflation. This is why now is the time to act. Learn more about my outlook in my full interview with Yahoo Finance's Jennifer Schonberger: https://bit.ly/45SVmuX

Beth Hammack, our president and CEO, will appear on Yahoo Finance with Jennifer Schonberger in the 3 pm ET hour. You can watch her interview here: https://bit.ly/4z0sUVo

Just released: the latest Inflation Research Digest features reports on topics like: 📈 How changes in the federal funds rate affect US households 🏠 Rental prices and cost of living in the US 📅 The 2026 Inflation: Drivers and Dynamics Conference on September 24–25 in Cleveland – how to register The Center for Inflation Research’s Inflation Research Digest highlights research events organized by the center, research papers from the Federal Reserve System and other institutions, announces calls for papers for workshops and conferences, and provides links to inflation-related data. Read the latest edition, then subscribe to receive future updates. ⬇️ #Inflation #InflationResearch #FederalReserve

Meet Marie Baker, an information management manager in our Supervision, Credit Risk, and Statistics Department. She has been with the Bank for nine years. How do you stay motivated when faced with a challenge? “I reflect on previous situations that seemed overwhelming at the time but that I successfully navigated. This perspective reminds me that I can work through current obstacles. Building a strong network of colleagues and maintaining a solid support system at home provide valuable sounding boards when I need to explore ideas or seek guidance. Early in my career, many challenges felt daunting, but with experience, I’ve learned to see the bigger picture and approach problems methodically, one step at a time.” Have you taken on new responsibilities or projects recently? “I volunteered to colead the Regional Banking Forum in May 2026 during which CEOs and directors gathered for networking and to hear from speakers on topics such as cybersecurity, payments, and supervisory updates. It involved leading planning teams and coordinating with internal partners and external speakers, all of which certainly enhanced my appreciation for detailed project management.” Could you describe a time at the Bank that felt especially positive or meaningful? “One of the most challenging periods at (and outside) the Bank was the pandemic, which turned out to be incredibly impactful for me. I felt the Bank took exceptional care of our onsite essential employees through comprehensive benefits and support. As circumstances changed rapidly, we were empowered to leverage our experience and make timely decisions. Through that process, we learned from mistakes, adapted as needed, and built a more resilient team that became more comfortable navigating change. I wouldn’t like to repeat the pandemic experience, of course, but it illustrated how we could each employ our individual knowledge more deeply.” How do you usually spend your weekends? “Weekends are meant to be fun. I try my best to get my “adulting” done on the weeknights, so I can enjoy time with family and friends on the weekends. Fun includes going out to restaurants, breweries, concerts, sporting events, and traveling whenever possible.”

Meet Tyler! Tyler is an operations intern here at the Cleveland Fed. He assists with compliance tasks like process improvement, internal policies, and control testing. Tyler is a rising senior at Lake Erie college, where he is majoring in marketing and minoring in business analytics. This is his second summer at the Bank. For more information on our internship program, visit: https://lnkd.in/gjB9b26C

The latest news and updates from the Cleveland Fed:  📕The latest Beige Book showed a modest business activity increase in the Fourth District 🗓️ Two events welcomed hundreds of community members to the Bank Find more research, Today's Definition, and a Day in the Life with Marie Baker, MBA in our latest newsletter. ⬇️ #FederalReserve #BusinessConditions