Interviews
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President Mester and ECB's Philip Lane discuss inflation dynamics at 2021 inflation conference
Persistent supply chain challenges have tilted risks to the upside, but not enough to alter her view that inflation will abate as pent-up demand linked to the pandemic eases, President Mester said in a panel discussion with European Central Bank Chief Economist Philip Lane at the Inflation: Drivers and Dynamics Conference 2021, hosted by the Cleveland Fed's Center for Inflation Research and the ECB. Read More
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President Mester: Inflation to start to come back down in 2022
As pandemic-related price pressures ease, inflation should begin to decline in 2022, President Mester said in a virtual October 1 panel discussion at a Shadow Open Market Committee eventcast. Mester said she thinks inflation will hit 4.25 percent this year and move back down to above 2 percent next year. Read More
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President Mester: Fed ready to taper, but too early to discuss rate rises
Overall progress on policy goals warrants tapering asset purchases, but more improvement in the labor market is needed before the Fed considers increasing interest rates, President Mester said in an August 27 interview with Michael McKee, of Bloomberg TV. Read More
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President Mester: Fed "basically there" on policy goals and can begin tapering later this year
Enough progress on inflation and employment goals has been made for the Fed to start tapering asset purchases later this year, with the aim of concluding the process by mid-2022, President Mester told CNBC's Steve Liesman in an August 27 interview. Read More
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President Mester urges policy patience in CNBC interview
A solid May jobs report doesn't justify changes to monetary policy, President Mester said in a June 4 interview with CNBC's Steve Liesman. "I would like to see further progress (in labor markets) than where we are right now," she told Liesman. Read More
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President Mester says economic data will be volatile, cautions against policy changes
"This is not the time to be adjusting anything on policy. It really is a time for watchful waiting, seeing how the (pandemic) recovery evolves,” President Mester told Bloomberg TV's Michael McKee in a May 14 interview. Read More
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President Mester: Carefully watching inflation risks but economic outlook remains bright
Increases in inflation are expected to subside and the economy remains on a strong growth path, President Mester told Brian Cheung, of Yahoo! Finance in a May 11 interview. Read More
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President Mester discusses the economy and Fed's response to the COVID-19 pandemic
President Mester joins UC Santa Barbara's Economic Forecast Project to discuss the national economy and a post-vaccination period of recovery. Read More
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President Mester joins discussion on diversity in the economics profession
President Mester reflected on the state of diversity in the economics profession during an installment of the Fed's "Racism and the Economy" series. Read More
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President Mester on why recovering economy still needs accommodative policy
A strong February jobs report showed "that things are moving in the right direction" but the Fed is "still very far from our goals" of maximum employment and sustained 2 percent inflation, President Mester said in a March 5 interview with CNN's Richard Quest. Read More
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President Mester discusses challenges of addressing racism in housing
Updating regulations for the Community Reinvestment Act could bolster investment in disadvantaged communities and would be part of a multi-faceted approach needed to combat housing discrimination, President Mester said in a March 1 conference on structural racism in housing markets presented by the Federal Reserve's 12 Reserve Banks. Read More
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President Mester joins the Toledo Rotary for a “fireside chat”
President Mester travels virtually to Toledo, Ohio, and joins the Rotary Club of Toledo's meeting to discuss the Fed’s key actions in the early days of the coronavirus outbreak, income inequality and racial equity, and the current Ohio economy. Read More
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President Mester calls for continued policy support as economy comes back
Even after coronavirus vaccines are widely distributed, perhaps by the second half of 2021, the U.S. economy will need monetary and fiscal policy support to continue recovery from the pandemic shutdown, President Mester said in a February 4 interview with CNBC's Steve Liesman. Read More
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Economists on the Economy Featuring Four Federal Reserve Presidents
President Mester is joined by three former Federal Reserve presidents: William C. Dudley, Jeffrey M. Lacker, and Gary H. Stern. The moderated discussion, sponsored by the Council for Economic Education, is available to watch here in its entirety. Read More
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President Mester describes value Fed sees in diversity in economics
The Federal Reserve makes policy decisions for all Americans and is likely to make better decisions when factoring in viewpoints from a wide range of economists, including those who are women and under-represented minorities, President Mester said in a Bloomberg TV interview on the importance of drawing more of them into the field. Read More
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President Mester: Fed policy well positioned to aid 2021 recovery
Monetary policy is set to support an economic recovery through both a COVID-19 surge in the first half of the year and a stronger second half as vaccines are more widely distributed, President Mester told Bloomberg TV's Kathleen Hays. Read More
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President Mester highlights need for fiscal response to aid pandemic recovery
The unevenness of the recovery across various parts of the economy makes fiscal policy targeted to struggling sectors a better tool to bolster a comeback than monetary support, President Mester said in a November 19 interview with Bloomberg TV. Read More
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President Mester discusses pandemic recovery needs in CNBC interview
President Mester said both monetary and fiscal policy support are needed to broaden the recovery and make it more sustainable. Watch the interview here Read More
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President Mester interviewed on CNBC
President Mester said the recovery will be a slow one and more economic support is needed. Watch the interview here Read More
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President Mester: path of virus to determine trajectory of recovery
President Mester said the pace of economic recovery from the pandemic-induced shutdown will depend on the success of efforts to control the spread of the coronavirus. Read More
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President Mester on CNBC’s Closing Bell
Fed’s Mester says economic growth ‘leveling off,’ sees more help needed. Read More
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President Mester and Jenell Ross, chair of the Cleveland Fed's Cincinnati Branch board, interviewed on Cincinnati Edition
Mester and Ross discussed their economic outlooks and the Fed's response to the pandemic in an interview on WVXU-FM. Read More
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President Mester and Chair Powell Participate in "Building a Resilient Workforce" program
The virtual discussion focused on efforts in Youngstown, Ohio, to strengthen the regional workforce amid the COVID-19 pandemic. Read More
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President Mester describes arc of COVID-19 economic comeback
President Mester was interviewed June 18 by Bill Kennedy, of the Philadelphia-based Global Interdependence Center. Read More
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President Mester writes in The Plain Dealer and Cleveland.com
President Mester writes in The Plain Dealer and Cleveland.com about the nation’s long-term economic challenges once we are back on a sustainable path of recovery from the coronavirus crisis. Read More
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President Mester looks at careful path to economic recovery from pandemic
President Mester said the U.S. should reopen the economy very cautiously to avoid a second shutdown and that cities and states may need additional federal assistance to deal with the health crisis. Mester made her remarks in an interview with Dan Loney, of Wharton Business Daily radio on SiriusXM. Read More
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President Mester discusses how COVID-19 pandemic impacts U.S. economy, Fed policy
President Mester told Bloomberg TV that the deep shock delivered by the pandemic prompted the Fed to devise programs to try to ensure the continued functioning of financial markets so that further economic damage is limited and households and businesses are positioned for recovery. Read More
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President Mester describes Fed efforts to “bridge” COVID-19 economic disruption
President Mester said the Fed is deploying multiple lending facilities and regulatory changes to build a “bridge to try to get households and businesses across to the other side of the pandemic shutdown period.” Read More
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President Mester takes questions at a City Club of Cleveland virtual forum
President Mester discussed the Fed’s response to the coronavirus outbreak. Read More
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President Mester explains Fed goals in responding to COVID-19 pandemic
President Mester said the Fed’s use of an array of lending programs and regulatory adjustments is aimed at helping to keep credit flowing to businesses and consumers until the pandemic runs its course and a recovery can begin. Mester made her remarks in a March 31 interview on CNBC’s Closing Bell. Read More
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President Mester discusses economic implications of coronavirus outbreak on CNBC
President Mester told Squawk Box Europe that the Federal Reserve’s action on March 3 was necessary given the expected impact of COVID-19 on the U.S. economy. Read More
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President Mester notes the emerging risk posed by the coronavirus outbreak in an interview with Bloomberg TV
Bloomberg: “Fed’s Mester Says Economic Fundamentals are Good; Virus Is a New Risk” Read More
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President Mester highlights strong position of consumers in Bloomberg TV interview
Cleveland Fed President Loretta J. Mester said strong consumer spending, supported by wage gains in a tight labor market, has offset weakness in manufacturing, putting the U.S economy in a good spot to begin the year. Mester offered her thoughts on the economy in a January 3 interview with Bloomberg TV's Michael McKee in San Diego. Read More
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President Mester discusses need for FedNow in American Banker interview
Cleveland Fed President Loretta J. Mester explained why FedNow, the Fed's faster payments initiative, is important for financial system resiliency in a November 21 interview at the bank with American Banker's John Heltman. Read More
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President Mester sees businesses watching, waiting on global developments in Pittsburgh Post-Gazette interview
Cleveland Fed President Loretta J. Mester said businesses in the Fourth District are taking a wait-and-see approach to capital spending and hiring amid uncertainty over trade and tariffs and a global economic slowdown. Mester made her remarks in an October 17 interview with Tim Grant, of the Pittsburgh Post-Gazette. Read More
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President Mester assesses economy's bright spots, headwinds in CNBC interview
Cleveland Fed President Loretta J. Mester observed that the U.S. economy is holding up well thanks to solid consumer spending even as a global slowdown weighed on U.S. manufacturing. She was interviewed on CNBC's Closing Bell on October 4 in New York. Read More
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President Mester offers outlook and policy views in interviews with CNBC, Bloomberg TV and Yahoo Finance
Cleveland Fed President Loretta J. Mester discussed how trade tensions and a slowdown in global growth factor into her assessment of the U.S. economy and the appropriate path for monetary policy in August 23 interviews with CNBC's Steve Liesman, Bloomberg TV's Michael McKee, and Yahoo Finance's Brian Cheung at the Kansas City Fed's annual policy conference in Jackson Hole, Wyoming. Read More
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President Mester describes the Federal Reserve's role in the U.S. economy to BBC's Business Matters
Cleveland Fed President Loretta J. Mester explains how the Fed works in the communities it serves and how the housing crisis resembled an opera in a July 4 interview on the BBC's Business Matters. Read More
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President Mester discusses need to assess path of U.S. economy in Bloomberg TV interview
Cleveland Fed President Loretta J. Mester explained what she wants to see in economic data before determining whether any adjustments in policy are needed in a July 3 Bloomberg TV interview in London. Read More
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President Mester assesses jobs report and U.S. economy, spells out policy approach in interviews with CNBC and Bloomberg
Cleveland Fed President Loretta J. Mester explained her intention to take a patient approach to inflation in light of strong labor markets and other positive economic conditions in May 3 interviews with CNBC's Steve Liesman and Bloomberg TV's Michael McKee at the Hoover Institution's monetary policy conference in Stanford, California. Read More
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President Mester gives early 2019 outlook, views on inflation, monetary policy in CNBC, Bloomberg interviews
Cleveland Fed President Loretta J. Mester discussed her outlook for the U.S. economy and her intention to assess incoming data to inform an appropriate policy path, as well as thoughts on inflation and the partial government shutdown in January 4 interviews with CNBC's Squawk Box and Bloomberg TV's Bloomberg Markets in Atlanta. Read More
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President Mester discussed her outlook for the economy and views on monetary policy on Wharton Business Radio
Cleveland Fed President Loretta J. Mester discussed her outlook for the economy and views on monetary policy during an interview on the 'Behind the Markets' program on Wharton Business Radio. Read More
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President Mester reviews her economic outlook and policy views on CNBC
Cleveland Fed President Loretta J. Mester explained how her views on the approrpiate path for monetary policy depend on developments with the economic outlook on CNBC's Squawk Box. Read More
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President Mester on Interest Rates, Yield Curve, Inflation in Bloomberg TV interview
Cleveland Fed President Loretta J. Mester discussed the case for gradually raising interest rates, signals from the yield curve, and the Fed's inflation goal in an August 24 appearance on Bloomberg TV. Mester was interviewed by Bloomberg's Michael McKee during the Kansas City Fed's annual conference in Jackson Hole, Wyoming. Read More
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President Mester discusses U.S. economy, risks, and tariffs in CNBC appearance
Cleveland Fed President Loretta J. Mester explained her views on how fiscal policy, trade, and other issues impact economic growth in an August 24 interview with CNBC's Steve Liesman at the Kansas City Fed's annual policy symposium in Jackson Hole, Wyoming. Read More
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President Mester sketches out case for staying on path of interest rate increases in Wall Street Journal interview
Cleveland Fed President Loretta J. Mester said solid economic growth, low unemployment, and inflation nearing target levels offer a "compelling" argument for sticking with the Fed's current course of gradual rate rises. Read More
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President Mester interviewed in St. Louis Fed's "Women in Economics" podcast series
Cleveland Fed President Loretta J. Mester talked about the value of studying economics, her own path in the field, and the importance of diverse points of view in economic decision-making in the podcast, which was recorded May 30 at the Cleveland bank. Read More
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President Mester assesses U.S. economy, discusses interest rate path in MarketWatch interview
Cleveland Fed President Loretta J. Mester explained how employment, inflation, fiscal stimulus and geopolitical risks factor into her thinking about the economy and appropriate monetary policy in a May 30 interview at the bank with Greg Robb, of MarketWatch. Read More
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President Mester interviewed about inflation, economic growth by Market News International
Cleveland Fed President Loretta J. Mester discussed the policymaking and communications challenges posed by rising inflation and economic growth impacted by fiscal stimulus in a May 22 interview at the bank with Market News International. Read More
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President Mester offers perspectives on U.S. economic outlook, monetary policy in interview with Germany’s Börsen-Zeitung newspaper
Cleveland Fed President Loretta J. Mester gave her views on economic conditions, the Fed policy path, and monetary policy normalization in a May 16 interview with Mark Schrörs, of Börsen-Zeitung, a financial markets news outlet, in Frankfurt, Germany. Read More
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President Mester offers views on Fed’s pursuit of employment, inflation targets in CNBC appearance
Cleveland Fed President Loretta J. Mester talked about the Federal Reserve’s progress on its dual mandate goals of price stability and maximum employment, and about trade and the value of transparency in monetary policy communications in a May 14 interview with CNBC’s Joumanna Bercetche in Paris. Read More
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President Mester discusses U.S., global economy, Fed rate path in Bloomberg TV interview
Cleveland Fed President Loretta J. Mester assessed the growth of the global economy, the progress of Fed balance sheet roll-off, and the paths of inflation and the Fed funds rate in a May 14 interview in Paris with Francine Lacqua, of Bloomberg Surveillance. Read More
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President Mester offers views on current economic conditions in CNBC interview
Cleveland Fed President Loretta J. Mester discussed how recently passed tax cuts factor into her preferred policy path of gradual interest rate increases in a January 5 interview with CNBC's Steve Liesman in Philadelphia. Read More
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President Mester to CNBC Europe: gradual rate rises aim to sustain economic expansion
Cleveland Fed President Loretta J. Mester said she favors slowly increasing interest rates while paying attention to incoming economic data because this approach balances the risks of inflation and recession while seeking to preserve the current economic expansion. Mester spoke in a November 9 interview on CNBC's Squawk Box Europe in London. Read More
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President Mester talks about inflation, interest rates in CNBC appearance
Cleveland Fed President Loretta J. Mester explained why she thinks a gradual rise in interest rates is prudent in an August 25 interview with CNBC's Steve Liesman at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. Read More
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President Mester offers views on economy and monetary policy in Reuters interview
Cleveland Fed President Loretta J. Mester discussed current financial conditions, inflation and monetary policy in an August 16 interview with Reuters' Jonathan Spicer in New York. Read More
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President Mester interviewed about Fed's community development work by WVIZ-TV
Cleveland Fed President Loretta J. Mester explained the Federal Reserve's role in community development during a June 23 appearance on WVIZ-TV, the local PBS affiliate. Read More
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President Mester discusses community issues with The Plain Dealer
Cleveland Fed President Loretta J. Mester discussed the importance of objective research and explained the Fed's commitment to community development in a June 23 interview with The Plain Dealer. Read More
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President Mester talks about her career, the Fed, economics in Barnard College discussion
Cleveland Fed President Loretta J. Mester answered questions about her education, her work as an economist, and a range of current economic issues in a March 2 discussion at Barnard College's Athena Center for Leadership Studies in New York. Mester is a 1980 Barnard graduate. Read More
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President Mester discusses outlook and policy in Australian Broadcasting Corp. interview
Cleveland Fed President Loretta J. Mester talked about current economic conditions and monetary policy in an interview with ABC's Elysse Morgan. The interview was taped March 2 in New York. Read More
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President Mester interviewed on monetary policy by CNBC and Bloomberg TV
Cleveland Fed President Loretta J. Mester discussed the U.S. economy and monetary policy in interviews with CNBC and Bloomberg TV Feb. 22 in Singapore. Read More
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President Mester interviewed by Arthur Levitt on Bloomberg Radio
Cleveland Fed President Loretta J. Mester discussed her views on the economy, monetary policy and Fed independence in a Feb. 8 Bloomberg Radio interview with Arthur Levitt, the former chair of the U.S. Securities and Exchange Commission. The interview was podcast on Feb. 10. Read More
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President Mester interviewed on jobs, 2017 outlook by Fox Business, Wall Street Journal
Cleveland Fed President Loretta J. Mester talked about the December jobs report and her views on the U.S. economy in the year ahead in January 6, 2017 interviews in Chicago with Peter Barnes, of Fox Business, and Shayndi Raice, of the Wall Street Journal. Read More
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President Mester interviewed about financial regulation by American Banker
Cleveland Fed President Loretta J. Mester discussed recent developments in bank regulation in a December 1, 2016 interview with American Banker's John Heltman in Washington, D.C. Read More
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President Mester discusses monetary policy in Reuters interview
Cleveland Fed President Loretta J. Mester explained why she thinks the economy remains on track for gradual interest rate increases in a November 16, 2016 interview at the bank with Reuter's Jonathan Spicer. Read More
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President Mester interviewed about labor market, interest rates on CNBC
Cleveland Fed President Loretta J. Mester discussed her view of how developments in the labor market affected her assessment of the U.S. economy and monetary policy with Steve Liesman on CNBC's Squawk Box on October 7, 2016. Read More
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President Mester discusses timing of monetary policy action in Bloomberg Radio/TV interview
Cleveland Fed President Loretta J. Mester talked about her views on the timing of an interest rate increase in an October 3, 2016 interview with Bloomberg's Kathleen Hays from the bank. Read More
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Reserve Bank Presidents Mester, Harker, and Lockhart discuss economic challenges in their communities
Federal Reserve Bank of Cleveland President Loretta Mester, center, joined Philadelphia Fed President Patrick Harker, left, and Atlanta Fed President Dennis Lockhart,right, for Presidents' Perspectives: The Fed's Role in Transforming Our Communities. National Public Radio's Michel Martin, far left, moderated the session. Read More
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President Mester discusses economy, monetary policy on CNBC
Cleveland Fed President Loretta J. Mester talked about the U.S. economy and her view of appropriate monetary policy on CNBC's Squawk Box on August 26, 2016. Read More
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President Mester talks about setting monetary policy amid global uncertainty in Australian TV interview
Cleveland Fed President Loretta Mester discussed discerning signals about the economy from financial markets and other challenges of monetary policymaking in an interview with Elysse Morgan of the Australian Broadcasting Corp. on July 14 in Sydney, Australia. Read More
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President Mester offers views on economy, monetary policy and Fed diversity in Wall Street Journal interview
Cleveland Fed President talked about her economic outlook, U.S. monetary policy and Fed diversity in an interview with Wall Street Journal reporter Michael Derby conducted July 7, 2016 at the bank. Read More
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President Mester discusses the national and regional economic outlook with the Cincinnati Enquirer
Cleveland Fed President Loretta J. Mester talked about the national and regional economic outlook with the Cincinnati Enquirer on April 17, 2016. Read More
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President Mester discusses economy, monetary policy on Fox Business
Cleveland Fed President Loretta J. Mester talked about the U.S. economy, her view of appropriate monetary policy, and the regional outlook on Fox Business' Mornings with Maria on April 1, 2016. Read More
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President Mester offers policy outlook in Bloomberg TV interview
President Mester discussed the resilience of the U.S. economy, financial weakening in China and other potential influences on monetary policy in an interview with Bloomberg TV's Brendan Greeley broadcast January 4. Read More
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President Mester discusses economy, monetary policy with Washington Post
President Mester explained why she thinks the economy can handle an interest rate increase in an interview with the Washington Post's Ylan Mui published December 4. Read More
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President Mester interviewed on CNBC's Squawk Box
President Mester was interviewed by Steve Liesman, Joe Kernen and Becky Quick on Squawk Box, CNBC's morning news and talk program. Read More
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President Mester interviewed on Fox Business
President Mester talked about her views on monetary policy and the economic outlook on "Countdown to the Closing Bell with Liz Claman" on Fox Business. Read More
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Japanese, Spanish Journalists Interview President Mester
September 30, 2015—President Mester discussed monetary policy with reporters from Japan’s Nikkei business news service and El Economista, a financial daily covering Spain, Mexico and other Spanish-speaking markets. Read More
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President Mester discusses economy with Pennsylvania bankers
September 15, 2015—The Pennsylvania Association of Community Bankers’ Transactions magazine interviewed President Mester about global economic volatility, redeveloping the rustbelt and the economics lessons that run through opera. Read More
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President Mester interviewed by Wall Street Journal and Bloomberg TV at Jackson Hole
August 28, 2015—President Mester discussed monetary policy in media interviews during the Kansas City Fed’s Economic Policy Symposium Aug. 27-29 in Jackson Hole, Wyoming. Read More
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President Mester interviewed on Bloomberg Radio
April 17, 2015—President Loretta J. Mester participated in a live interview with Bloomberg Radio’s Kathleen Hays. Read More
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Market News International interviews President Mester
April 1, 2015—Market News International interviewed Cleveland Fed President Loretta J. Mester about her views on monetary policy and policy normalization. Read More
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Bloomberg TV interviews President Mester about monetary policy and her economic outlook.
March 23, 2015—Bloomberg TV interviews President Mester about monetary policy and her economic outlook. Read More
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President Mester addresses Audit the Fed legislation and the outlook on CNBC
February 26, 2015—Cleveland Fed President Loretta J. Mester discussed Audit the Fed legislation, her economic outlook, and monetary policy in an interview on CNBC. Read More
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President Mester interviewed by the Wall Street Journal
February 16, 2015—Cleveland Fed President and CEO Loretta J. Mester discussed her economic outlook and Federal Reserve communications in an interview with the Wall Street Journal. Read More
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American Banker talks financial stability with President Mester
February 13, 2015—American Banker published “Ten Questions” with Cleveland Fed President and CEO Loretta J. Mester. Read More
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President Mester discusses monetary policy and the economic outlook with Fox Business
January 2, 2015—Cleveland Fed President Loretta J. Mester said a number of different indicators show the economy is on firm footing, with progress on employment and downward pressures on inflation likely to be transitory. Read More
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President Mester Interviewed by Reuters
December 5, 2014—Cleveland Fed President and CEO Loretta J. Mester commented on Federal Reserve communications and her outlook on the economy in a Reuters interview. Read More
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President Mester Interviewed on CNBC
November 7, 2014—President Mester was interviewed live on CNBC’s Squawk Box by Steve Liesman, senior economics reporter. Read More
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New York Times Interviews President Mester
October 13, 2014—Loretta J. Mester discussed her economic outlook and how the Federal Reserve communicates in a Q&A interview with the New York Times. Read More
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President Mester Offers First Impressions of Cleveland in Plain Dealer Interview
September 29, 2014—The Plain Dealer interviewed Cleveland Fed President and CEO Loretta J. Mester about the economy, cybersecurity and a newcomer’s assessment of Cleveland. Read More
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President Mester Interviewed on Yahoo! Finance
President Mester said that GDP may be about 6 percent lower than last year. Watch the interview here Read More
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President Mester talks about diversity with Reuters: 'You’re a central bank. You should be representing the public'
President Mester and other Fed officials were interviewed by Reuters about the Fed's diversity initiatives. Read More