Ohio
Cleveland Fed President Beth Hammack offers Ohio State students career guidance
When Cleveland Federal Reserve President and CEO Beth Hammack visited The Ohio State University’s Columbus campus last Wednesday, she offered students a window into the decision-making that influences the U.S. economy.
The John Glenn College of Public Affairs and the Office of Academic Affairs presented a Leadership Dialogue with Hammack at WOSU. Stephanie Moulton, associate dean for faculty and research at the Glenn College, moderated the dialogue, which drew students, faculty and staff.
“It’s going to be a conversation today about what the Fed is, what it does, how its regional system operates and what the president and CEO of a regional bank actually does,” said Trevor Brown, Ohio State’s senior vice provost for Academic Affairs, while introducing Hammack. “We’re going to talk about career paths in economics and public finance and public policy.”
Hammack began her term on Aug. 21, 2024. She participates in the formulation of U.S. monetary policy and oversees 1,100 employees in the Bank’s fourth district that includes Cleveland, Cincinnati and Pittsburgh offices.
While at Ohio State, Hammack visited several colleges and offices.
“We got to spend a lot of time learning about AI and the AI Fluency project that’s going on here,” she said. “We spent some time touring the Center for Automotive Research and learning about all the amazing innovations that are happening on campus.”
Hammack gave an overview of how the Federal Reserve Bank operates. The Federal Reserve is the U.S. central bank, created by the Federal Reserve Act of 1913 to establish a monetary system that could respond to stresses in the banking system. The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks in the Federal Reserve System.
Hammack said community development is one of the most important aspects of her job.
“I find that by going out and meeting with these different businesses, community partners, individuals, I get more real-time feel for what’s going on in the economy,” she said. “I try to bring that with me when I go to Washington, when I walk into that monetary policy room to give them a flavor of what’s happening across the fourth district, representing Ohio.”
In addition to community development, Hammack said the Federal Reserve performs five key functions: carrying out the nation’s monetary policy, promoting financial system stability, supervising and regulating financial institutions, fostering payment and settlement system safety and efficiency, and promoting consumer protection.
“The nice thing about our district is that it’s kind of a microcosm of the U.S. economy,” she said. “We’ve got pretty much every sector represented.”
Ohio encompasses a wide variety of industries, including the second heaviest manufacturing district in the country, second only to the Chicago region, Hammack said.
“We’ve got agriculture. We’ve got the transition from the manufacturing to the services economy,” she said. “We’ve got burgeoning technology in the district, and we’ve got energy production. We really have a little bit of everything that happens across the country in the fourth district.”
Cleveland Federal Reserve employees also conduct research, with 71 Ph.D. economists on staff who research various areas of the economy, Hammack said.
“They’re doing independent research, trying to look at what new learnings can we think about that can help us understand problems,” she said. “It really is helpful if you have a creative team of people who are just thinking about what are some interesting problems that they can analyze and look at, whether it’s in housing, workforce development, inflation.”
Hammack took questions from students, offered guidance on careers in economics, policy and leadership, and spoke about her own career path.
Prior to her appointment as Cleveland Federal Reserve president, she was cohead of the global financing group at Goldman Sachs Group Inc. She holds bachelor’s degrees in quantitative economics and history from Stanford University.
Gaining experience in research can enhance students’ competitiveness in the workforce, including helping them to be considered for jobs at the Federal Reserve, she said.
“One of the opportunities that we run for students, which I think is a great opportunity, is we have something called our Economic Scholars Program,” she said. “It’s basically a research conference that’s all run and managed by students. Students from across the country can come and present their own papers. The other students act as discussants.”
She encouraged students to explore various academic paths and internships to develop a broad base of knowledge and experience.
“You want to take different opportunities that expose you to different things, different ways of thinking, different disciplines,” she said. “One of the great things here [at Ohio State] is that you have so many interdisciplinary opportunities.”
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Ohio
Math plan would help a generation of Ohio students | Opinion
Aaron Churchill is the Ohio research director for the Thomas B. Fordham Institute, an education policy think tank based in Columbus.
In November, the Ohio Senate unanimously passed math reforms that would help a generation of struggling students. House lawmakers should send that excellent package known as Senate Bill 19 to the governor’s desk post haste.
Math difficulties start early for many Ohio students. Last year, 45,000 third graders, or 36% statewide, fell short of proficiency on the state math exam. These youngsters had difficulty solving basic arithmetic and measurement problems. Without such skills, big trouble lies ahead for them.
Meanwhile, even larger percentages of high schoolers fare poorly in this subject. On last year’s algebra I state exam, 53,000 students – 41% of test takers – did not achieve proficiency, while a staggering 72,000 students (57%) fell short in geometry.
These failure rates are unacceptable. Students should not be left to struggle with the routine math needed to manage their personal finances, bake a cake or do a home repair. Nor should they lack the critical thinking, data interpretation and problem solving skills that are demanded by today’s employers and essential to career success.
Ohio must help more students gain fluency in math. Senate Bill 19 does this in the following ways.
First, it supports students with math deficiencies. The bill would require schools to provide math interventions to students scoring at the lowest achievement level (known as “limited”) on state tests. Importantly, schools must engage a child’s parents to create an individual improvement plan that outlines the interventions and how progress will be monitored.
Second, the bill promotes strong math curricula. The Ohio Department of Education and Workforce would be tasked with reviewing math materials and establishing a high-quality list. With dozens of programs and textbooks on the market – some far better than others – this vetting process would aid school districts in finding the best curriculum for their students.
Third, it asks colleges of education to better prepare elementary teachers. Research from the National Council on Teacher Quality shows that teacher training programs often lack serious math content, especially in the elementary grades, leaving teachers ill-prepared for effective instruction. To help address the problem, the bill mandates that prospective educators pass the math section of the state licensure test to teach the subject, something that is not presently required.
Fourth, it gives high-achieving math students a boost. Traditional course placement practices rely on teacher and parent referrals, which tend to overlook economically disadvantaged students who excel in math. Yet, as a recent Fordham Institute study found, access to advanced coursework is critical to high-achieving, low-income students’ college prospects. Through automatic enrollment provisions, Senate Bill 19 would ensure that all high achievers are placed in challenging math courses, including algebra I in eighth grade.
Some may view Senate Bill 19 as burdensome on schools. But the need for significant improvement in math is urgent and the reforms are commonsense. Students struggling in math ought to get help. Schools should use the best-available textbooks and materials. Teachers should know math before they teach it. Schools must push high achievers to reach their full potential.
Math and reading are the academic pillars that support students’ long-term success as well as the state’s economic growth. Thanks to the leadership of Gov. Mike DeWine, Ohio’s Science of Reading initiative is off to a strong start and promises stronger literacy statewide. It’s now time for policymakers to roll up their sleeves and help students get better at math. Their futures – and the state’s – are at stake.
Aaron Churchill is the Ohio research director for the Thomas B. Fordham Institute, an education policy think tank based in Columbus.
Ohio
Remains of Ohio airmen killed in Iraq will be brought back March 29
Amanda-Clearcreek honors Ohio Air National Guard member Capt. Seth Koval
Amanda-Clearcreek honors Ohio Air National Guard member Capt. Seth Koval
The remains of three Ohio airmen who were killed in the crash of their KC-135 refueling plane in Iraq earlier this month will be returned this weekend, according to a family member of one of the deceased.
The airmen, identified as Master Sgt. Tyler Simmons, 28, of Columbus; Capt. Curtis Angst, 30, of Wilmington, and Capt. Seth Koval, 38, of Stoutsville, will be brought back March 29 to Rickenbacker Air National Guard Base near Columbus, said Charles Simmons, Tyler’s father.
“Tyler will have a hero’s welcome, because he is a hero,” said Charles.
The Columbus Division of Police will be involved in the funeral procession when the airmen’s remains are transferred from the airport to funeral homes, said Columbus police Sgt. James Fuqua. That will take place between 1 p.m. and 2 p.m. March 29, said Fuqua.
The airmen’s remains first arrived back in the U.S. on March 18 with a dignified transfer taking place at Dover Air Force Base in Delaware.
Curtis, Angst, and Simmons were members of the 166th Air Refueling Squadron connected to the 121st Air Refueling Wing based at Rickenbacker Air National Guard Base in Columbus.
The airmen, as well as three other servicemembers, died on March 12 when their KC-135 tanker crashed in western Iraq during a mission in support of Operation Epic Fury in Iran. The cause of the crash, which occurred in friendly airspace, has not been publicly identified. U.S. Central Command has said the incident did not involve hostile or friendly fire, and military experts have theorized the crash may have been the result of a collision with a second KC-135 that sustained heavy damage to its tail fin but landed safely at an airport in Tel Aviv, Israel.
Reporter Bethany Bruner can be reached at bbruner@dispatch.com.
Reporter Shahid Meighan can be reached at smeighan@dispatch.com, at ShahidMeighan on X, and at shahidthereporter.dispatch.com on Bluesky.
Ohio
Thousands head to Columbus for 23rd annual Home Improvement Show at Ohio Expo Center
COLUMBUS, Ohio (WSYX) — Thousands of people are expected to head to downtown Columbus for the 23rd annual Home Improvement Show this weekend.
Organizers say visitors can find ideas for everything from small interior design projects to major renovations.
The event is being held at the Ohio Expo Center and includes seminars, exhibits and demonstrations from local and national companies.
The show begins at noon Friday and runs until 6 p.m.
It continues Saturday from 10 a.m. to 6 p.m. and Sunday from 11 a.m. to 5 p.m.
Adult tickets cost $5 at the door.
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