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.

Meaden & Moore

Don Drumm Studios

Greater Akron Chamber


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 Federal Reserve chief is optimistic about U.S. financial system
Despite looming debate over how to get the nation's financial system back on a sustainable track, the head of Cleveland's Federal Reserve says she's optimistic.
Story by BILL RICE


 
In The Region:

The head of the Cleveland Federal Reserve says she's optimistic that a consensus will emerge to put the nation's financial system back on a sustainable track. But, she says, but there's still a lot of debate ahead. Bill Rice of Ohio Public Radio Station WCPN in Cleveland reports.

Click to listen

Other options:
Windows Media / MP3 Download (1:26)


Sandra Pianalto, who is retiring as Cleveland Fed CEO next year, gave the opening keynote address Thursday at a two-day Policy Summit held jointly each year by the Cleveland and Philadelphia Federal Reserve Banks.

Pianalto told the group of several hundred people that building consensus is the surest way to a satisfactory recovery from the financial crisis of 2008.  She said debate over and ultimate passage of the financial regulations law known as Dodd Frank drew a lot of emotional response about the role of government in capital markets.

“The challenge now is for the financial services industry and the communities and consumers that it serves to move past the entrenched positions and instead work together to find new solutions," Pianalto said.  "I’m optimistic, because I do see and have seen people with very different viewpoints come together to enact policies that have substantial benefits.”

She notes as an example the gradual coming around to the notion that rehabbing houses wasn’t the only way to solve communities’ foreclosure problems. Demolition was also an option, although it's an idea that’s only recently become more mainstream.

The Fed’s Policy Summit on Housing, Human Capital and inequality continues Friday at the Intercontinental Hotel and Conference Center in Cleveland.

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

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

New book says Willoughby Coal is haunted...and that's good for business
Would love to see a series of books that would just thrill me. I cannot wait to visit some of the locations. And revisit some of the locations I have already vi...

Cleveland Indians to continue with 'dynamic pricing'
pricing is too high for a family as well as people like me who are on a fixed income. Bleacher seats are cheaper but concessions are rediculous.

Kasich talks about faith, drugs and education -- but never FitzGerald
The idea that you can learn more by talking to a 90 year old person than from a history book is just another example of how the GOP hates education and knowledg...

Third-grade charter school students fail state testing
A partisan anti-charter group came out with analysis that ODE says is based on incorrect data. So why is this a story? It doesn't seem to rise to WKSU's typic...

Still no money for Fair Finance victims
The only persons benefiting from this bankruptcy is quite obvious - the attorneys.. I would let the Durham and other thieves out of prison in a job with all th...

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