09.24.07 Holocaust Currency Comes to Cleveland Fed Special exhibit shares story of an uneven exchange: Imagine all your money is confiscated. In exchange, you get pieces of paper, or scrip, you''re told can be used to buy things. But there is nothing to buy. More than 70 facsimiles of rare scrip from 11 Nazi concentration camps and ghettos are on display in a special exhibit, Questionable Issue: Currency of the Holocaust, at the Federal Reserve Bank of Cleveland''s Learning Center and Money Museum.
09.18.07 FOMC Statement The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4-3/4 percent.
09.12.07 FRB Cleveland Revises Median CPI and Trimmed-Mean CPI The change was made to address potential distortions in the data’s inflation signals caused by the unusually large weight given to one component of the CPI: Owners’ Equivalent Rent (OER). By breaking the OER into four regional subindexes, the revised methodology improves the ability of the Bank’s trimmed-mean CPI data, particularly the median CPI, to measure underlying inflation trends.
05.07.07 FRB Cleveland 2006 Annual Report Millions of U.S. citizens continue to live in poverty within one of the wealthiest and most productive nations in the world. The Federal Reserve Bank of Cleveland’s 2006 Annual Report reviews some of the reasons for the persistence of poverty in America, and suggests that better education and training may be the best defense against poverty.
