The Economic Outlook, Monetary Policy, and Communications: Progress on Multiple Journeys

Speaking in public for the first time since becoming president and CEO of the Federal Reserve Bank of Cleveland, Loretta J. Mester addressed the Economic Club of Pittsburgh, CFA Society Pittsburgh, and the Pittsburgh Society of Investment Professionals. She shared her economic outlook, her optimism about the potential for growth, and stressed the importance of transparency and clear communication by the FOMC.

The Economic Outlook, Monetary Policy, and Communications: Progress on Multiple Journeys

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892