News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

Metro RTA


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Cleveland Fed chief announces she's retiring
Pianalto says she's confident the regional Fed is equipped to handle issues
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
In The Region:

 

 As CEO of the Cleveland Federal Reserve Bank, Sandra Pianalto has been preaching the benefits of training to rebuild jobs in this region. And she’s expected to continue with that message after her retirement, which she announced today. WKSU’s M.L. Schultze has more.

LISTEN: Pianalto's key economic message is training for the new economy.

Other options:
Windows Media / MP3 Download (1:17)


Sandra Pianalto started as a researcher at the Cleveland Fed 30 years ago, and has been its chief executive for a decade. Even before the economic collapse of 2008, she was giving speeches promoting what she thinks it will take to turn around the region’s economy and to rebuild manufacturing. Top of the list: training and education.

It’s a message she was delivering as recently as a speech she gave in Cleveland Wednesday.

“Over time, regions with skilled-labor pools are going to draw employers who need skilled workers, and, in turn, more skilled workers are going to be drawn to those areas.”

The Cleveland Fed is one of 12 regional banks, and it’s region includes Pittsburgh. Pianalto says Pittsburgh seems to have figured it out.

"Over a period of decades, Pittsburgh successfully navigated this transition from losing manufacturing jobs to becoming a brain hub. And by working to develop a critical mass of highly skilled workers and innovative companies, we can become a brain hub right here in Northeast Ohio.”

The announcement that Pianalto plans to retire sometime early next year also says she plans to remain active in the community, where she sits on the boards of University Hospitals, The Cleveland Foundation and  College Now Greater Cleveland. She’s also an advisory trustee at the University of Akron, where she got her bachelor’s degree in economics.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

From warehouse to writer: Terry Pluto's Thanksgiving thank you
Dear Terry: On my 8th cup of coffee trying to get Thanksgiving "Brunch" done ahead of time because I work nights. However, I just had to stop to contact yo...

The first big private gift comes in for the pro football HOF project
The HOF has needed a shot in the arm for many years and this project will go a long way to getting the attraction the attention it deserves (next: upgrad...

Environmental study nears completion in East Liverpool
Twenty years ago my twin sister and I protested the building and operation of the WTI facility citing several studies that indicated the risk of cancer due to ...

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University