Federal Reserve Bank of Cleveland

The Cleveland Fed is pleased to announce that Beth M. Hammack will be our next president and CEO, beginning August 21, 2024. In this role, she will represent the Fourth Federal Reserve District in national monetary policymaking and lead our 1000+ employees. Congratulations, Beth! View the full announcement: https://clefed.org/3wU6f1Q

Every public FedTalk event we hosted in 2023 is now available in audio-only format! Explore the series that brings together industry experts, local businesses, community organizations, policymakers, and engaged citizens to discuss issues affecting the communities and people we serve—people like you. Listen on your commute to work, over your lunch break, or whenever you listen to your favorite podcasts. Check out the recording from our event, titled: “Straight to Work: Some Young Adults Seek to Learn on—not before—the Job”: https://clefed.org/40ENeK2

The childcare sector has long faced workforce challenges that affect working parents and the broader economy. Join us at our next FedTalk where we will learn from experts about what's constraining their supply of workers along with motivations and opportunities for employers to engage in ways that could improve workforce stability and productivity. Register now for the discussion on July 17th from 3–4 pm ET: https://clefed.org/3KP2uOK #Childcare #Workforce #FederalReserve #FedTalk #EarlyChildhoodEducation

Happy Independence Day from all of us at the Cleveland Fed! #IndependenceDay

Our Education and Learning Center will be closed today but will reopen for our normal hours next week. Plan your visit: https://clefed.org/visit

Throughout the month of July, we feature the young professionals at the Cleveland Fed. In honor of this commitment, we are also sharing data from the 2023 Small Business Credit Survey on small businesses owned by someone under the age of 35. Here are some of the findings: 53% reported operating at a profit 56% are men-owned 82% are in urban areas 70% expect their revenues to increase in the next 12 months Visit the Fed Small Business website for more information on these small businesses and others: https://lnkd.in/eq4uB7tD #SmallBusiness #YoungProfessionals #SmallBusinesses #SmallBiz

Our LGBTQA Employee Resource Group hosted a variety of events throughout Pride Month. 🏳🌈 These events included the Pride Parades in both Cleveland and Cincinnati, a panel centered on the healthcare needs and experiences of queer and trans women, trivia, and volunteering at the YWCA, and more. Learn more about our Bank’s culture: https://lnkd.in/gehRnDuc #PrideMonth

Every public FedTalk event we hosted in 2023 is now available in audio-only format! Explore the series that brings together industry experts, local businesses, community organizations, policymakers, and engaged citizens to discuss issues affecting the communities and people we serve—people like you. Listen on your commute to work, over your lunch break, or whenever you listen to your favorite podcasts. Check out the recording from our event, titled: “The Resilience of the US Banking System”: https://clefed.org/44hMrQG

The childcare sector has long faced workforce challenges that affect working parents and the broader economy. Join us at our next FedTalk where we will learn from experts about what's constraining their supply of workers along with motivations and opportunities for employers to engage in ways that could improve workforce stability and productivity. Register now for the discussion on July 17th from 3–4 pm ET: https://clefed.org/3KP2uOK #Childcare #Workforce #FederalReserve #FedTalk #EarlyChildhoodEducation

The 2024 Firms in Focus: Findings from the most recent Small Business Credit Survey (SBCS) is a series of chartbooks presenting SBCS data across various business and owner demographic characteristics, as well as by select states and Metropolitan Statistical Areas (MSAs). These are some of the key findings on majority LGBTQ-owned employer firms: 40% reported being profitable at the end of 2022 51% experienced hiring/retaining staff challenges in 2023 54% dealt with weak sales in 2023 27% self-reported that they were in poor financial condition at the time of the survey, 34% were in fair condition, 24% were in good condition, 13% were in very good condition, and 2% were in excellent condition. View the full chartbook to see how these findings compare with other firms. Explore the insights: https://lnkd.in/gmam5xCU #SmallBusiness #PrideMonth #SmallBusinesses #SmallBusinessCreditSurvey #LGBTQOwned