Speech

Perspectives on the Economic Outlook and Banking Supervision and Regulation; 2017-08-02; The Community Bankers Association of Ohio Annual Convention, Cincinnati, OH

Abstract: Today, I enjoy the fruits of the strong relationship that has developed between Ohio bankers and the Cleveland Fed. The bankers who serve on our Community Depository Institutions Advisory Council (CDIAC) and on our board of directors generously provide me with their valuable insights into regional economic and banking conditions. As you all know, community banks play a vital role in the economic health of their communities, providing creditworthy businesses the wherewithal to prosper and households the ability to improve their financial standing and quality of life. Because of their important work, community bankers are among the most knowledgeable about changes in conditions on the ground in local areas. Such information often takes much longer to show up in official statistical reports. So I find the insights gained from speaking with bankers to be especially valuable as part of the mosaic of information I use in formulating my views on appropriate monetary policy.

Keywords: Financial system; regulation; community banks; ;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Speech

Publication Date: 2017-08-02

Number: 85