Sandra Pianalto
Sandra Pianalto
Sandra Pianaltotook office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland. On August 8, 2013, Pianalto announced she would retire as Cleveland's Fed President "early next year."...
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Some may interpret this weak performance as a sign that the energy shocks may have finally taken their toll.
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The answer to how much higher the federal funds rate needs to go depends on how economic conditions unfold,
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Removing the policy accommodation puts us in the strongest possible position to react as evolving economic conditions require.
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In the past several years consumers ... have been very diligent in managing some of their debt in terms of refinancing to lower rates, but we'll have to ... keep our eye on this situation as the conditions change,