Search Results
Speech
Is price stability attainable?, speech at the Global Interdependence Center Conference, Dublin Ireland, June 11, 2007
President Pianalto first explains why maintaining price stability requires keeping inflation expectations low and secure. Second, she describes some inflationary risks that may become significant down the road. Finally, she discusses why, in the face of these risks, central banks' ability to maintain price stability will depend on the clarity and transparency of their communications.
Speech
Economic recovery and the expansion beyond, a speech presented at the INVESTKentucky Conference, Louisville, Kentucky, June 4, 2009
President Pianalto briefly described some forces that will help pull our economy out of its steep decline. She discussed why several long-standing imbalances within the economy will likely cause the recovery to proceed slowly. Finally, she discussed some structural changes in the labor market and the drivers that will lead us again to long-term prosperity.
Journal Article
The power of price stability
The economy has been expanding for the past few years, but concerns are growing over the pressures placed on it by fiscal deficits, current account imbalances, and energy shocks. Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland, explains why she thinks the Federal Reserve can best meet those challenges and promote economic prosperity by maintaining price stability. This Commentary contains the text of her remarks to the Levy Economics Institute of Bard College on April 21, 2005.
Speech
The challenge of concentrated poverty, presentation to the Community Development Policy Summit, Cleveland, Ohio, June 22, 2006
We are here today and tomorrow to examine concentrated poverty - that is, poverty that affects more than 40 percent of people living in a particular region or city - through the lens of community development. I think we can all agree that community reinvestment initiatives have done a great deal to help low- to moderate-income families over the past generation. But we know that there is still a long way to go.
Journal Article
A perspective on monetary policy
Sandra Pianalto is the president and chief executive officer of the Federal Reserve Bank of Cleveland. This Commentary contains the text of her remarks to the Forecaster?s Club of New York on April 22, 2004.
Speech
Universities, innovation and economic growth, presentation at the Conference on Universities, Innovation and Economic Growth, Federal Reserve Bank of Cleveland, November 17, 2006
Economists at our Bank have concluded that differences in state income levels over the past 75 years can be explained mostly by two factors: innovation and education. In simple terms, those states that enhance their knowledge base are the ones that are likely to prosper in the future.
Speech
Globalization and monetary policy, speech presented at a Global Interdependence Center (GIC) conference in Paris, France on May 13, 2008
In a speech at a Global Interdependence Center (GIC) conference in Paris, France, Sandra Pianalto, president and CEO, Federal Reserve Bank of Cleveland, explains how global price pressures can increase the complexity of formulating monetary policy.
Speech
Steps toward a new financial regulatory architecture, speech presented on Ohio Bankers' Day, Columbus, Ohio April 1, 2009
President Pianalto discusses the economic outlook and the Federal Reserve?s recent actions, commenting on changes to the financial regulatory system. She makes the case for a new framework for categorizing financial institutions based on the degree of risk they pose to the financial system, adding her endorsement to what some have called macroprudential supervision.