Federal Reserve Cash Services in the 21st Century
FedTalk
Supplying financial services is a core function of the Federal Reserve System. As a part of that work, the Federal Reserve operates 28 cash processing locations in the United States to distribute cash both within the United States and around the world. Our Cash Department is responsible for receiving currency from our financial institutions, validating the authenticity, and ensuring that all institutions have ready access to cash. In the Fourth District, we receive, process, and pay out cash at both our Cleveland and Cincinnati locations. In this Fed Talk, our speakers will discuss Cash 101 ...
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The Missing Piece: Financial Literacy’s Key Role in Effective Career Navigation
FedTalk
Financial literacy is important for success in any career. It gives people the knowledge, skills, and tools to make informed decisions. However, it is often a missing topic in conversations that prepare people to enter the workforce. Our panelists will discuss how current and future participants in the labor force can gain and use financial literacy. These financial skills will help them to navigate career decisions. Those who better understand finances are more equipped, for example, to address and consider the topics of compensation, benefits, retirement packages, and more as they pursue...
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A New SORCE: Timely Insights into the Region's Economy
FedTalk
At the Cleveland Fed, we monitor emerging trends by surveying regional business and community leaders about economic conditions in our region. Through these surveys, the businesses share the economic conditions that they face. This can provide insights in advance of other published macroeconomic indicators. Every six weeks, our regional experts collect and analyze insights from surveys completed by business and community leaders around the Fourth District. The Fourth District is the region served by the Cleveland Fed. It includes Ohio and parts of Pennsylvania, West Virginia, and Kentucky....
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2025 Economic Outlook
FedTalk
Join us as Federal Reserve Bank of Cleveland Research Director Edward Knotek provides an economic outlook for 2025. Knotek highlighted a broad array of indicators such as consumer spending, the labor market, and inflation to provide a snapshot of the economy and insight into what the Cleveland Fed team of economists look to in order to better understand the economy. Speaker , Senior Vice President and Director of Research, Federal Reserve Bank of Cleveland Moderator , Senior Regional Officer, Pittsburgh Branch, Federal Reserve Bank of Cleveland
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A Continued Discussion on Financial and Payments Inclusion
FedTalk
According to a 2021 study by the Federal Deposit Insurance Corporation (FDIC), 4.5 percent of American households do not have a bank account, and 14.1 percent are considered underbanked. New research being conducted within the Federal Reserve System and in academia looks at existing barriers to financial inclusion and the importance of trust in banking and payments choices. Why are people unbanked and underbanked in the US? How do we define underserved in digital payments and banking services? How does trust affect adoption of and access to digital payments and banking services? What do we...
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Getting Connected: Closing the Broadband Access Gap in the US
FedTalk
Being connected to the digital world is critical to everyday life. This is especially true in the employment arena with online job applications and remote work being the new norm. But large segments of the country are without broadband coverage. Join us for a conversation about the importance of broadband access. We will look at challenges to getting connected in rural and urban areas, developing digital skills, and building the infrastructure needed for broader access.
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Small Businesses as Economic Drivers
FedTalk
Small businesses are foundational to the growth and prosperity of local communities and a cornerstone of the American economy. Small businesses drive innovation, job creation, and economic growth. According to the Fed’s “2024 Report on Employer Firms: Findings from the 2023 Small Business Credit Survey,” small businesses continue to face challenges including increased operating expenses, attracting and retaining qualified talent, and access to credit. This FedTalk program will feature a discussion among Fed researchers and community leaders on current growth trends versus decline in...
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Childcare and Our Economy: Understanding Constraints and Possible Solutions
FedTalk
The childcare sector has long faced workforce challenges that affect working parents and the broader economy. With high turnover and constraints on the supply fueled by how the industry is financed, providers often struggle to offer care parents can access. Engaging employers is gaining momentum as a strategy for addressing constraints on the childcare market. Join us at our next FedTalk where we will learn from experts about supply constraints along with motivations and opportunities for employers to engage in ways that could improve workforce stability and productivity.
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The Cost of Longevity: Long-term Care Insurance in the US
FedTalk
Long-term care can be expensive. As society ages, thinking about how to pay for care if needed is becoming a priority for many of us. Unfortunately people often find out too late that Medicare and Medicaid don’t cover all the costs. How can we protect ourselves financially against this risk? What is the current state of the private long-term care insurance market? How are Americans thinking about long-term care? And how is public policy tackling this issue? Join us for a FedTalk about long-term care insurance in the United States.
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Assessing the Safety and Soundness of Banks: How the Cleveland Fed Supervises Financial Institutions
FedTalk
Do you ever wonder how financial regulators like those with the Federal Reserve Bank of Cleveland assess the safety and soundness of our financial system? Join panelists from our Supervision, Credit Risk, and Statistics function for our May 2024 FedTalk about the Federal Reserve’s supervision role. From community banks to the largest banks and those in between, learn how the Federal Reserve Bank of Cleveland works to promote stable and efficient financial institutions. Speakers take audience questions following the presentation.
info_outlineWe start 2024 exploring some key indicators that economists will be watching with Federal Reserve Bank of Cleveland Research Director Ed Knotek. As research director, Knotek leads a team of economists who conduct research and analysis of economic conditions to inform monetary policy decisions and improve understanding of our economy. What indicators best reflect the path of inflation? How should we think about labor market strength and the health of the economy? How does what the public thinks will happen with inflation influence the economy’s trajectory? Following the presentation, Knotek takes audience questions.