News and Events

As vice president of the Center, Pfajfar will oversee a team of economists who study inflation. He also will lead efforts to augment the inflation-related resources the center provides for researchers, policymakers, and the public.

In the four years since the start of the pandemic-related recession, industries with above average pay created the most net new jobs, regionally and nationally, according to a new Cleveland Fed report.

Lower-wage Ohioans have seen strong pay gains since 2019 – big enough to push wage inequality in the state to its lowest level in more than 20 years, according to a new Cleveland Fed report.

Slowing wage growth in some parts of the service sector could help reduce inflation in 2024 and 2025, according to a new report from the Cleveland Fed.

During the banking turmoil of 2023, banks looking to soothe uninsured depositors capitalized on recent regulatory changes to help them get additional coverage.

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- The Bank of Japan-Institute for Monetary and Economic Studies Conference, Price Dynamics and Monetary Policy Challenges – Lessons Learned and Going Forward, Tokyo, Japan, May 28, 2024, 12:55 AM EDT

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Briefings for Business – Wayne Economic Development Council- Wooster, OH, May 16, 2024, 12:00 PM EDT

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- National Association for Business Economics, Cleveland Association for Business Economics, and Team NEO, Cleveland, OH, April 2, 2024, 12:05 PM EDT

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- The European Economics and Financial Centre, Distinguished Speakers Seminar, London, UK, (via videoconference) March 7, 2024, 11:30 AM EST

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Keynote Address, Columbia University/Bank Policy Institute 2024 Bank Regulation Research Conference, Columbia University, New York, NY, February 29, 2024, 1:15 PM EST

As she heads toward retirement at the end of the month, Federal Reserve Bank of Cleveland President Loretta Mester still believes the central bank needs to remain open to active sales of mortgage bonds as part of its ongoing efforts to reduce the size of its balance sheet.

The Federal Reserve has transformed how it communicates with the public in recent decades, and Loretta Mester has had a front-row seat. She’s attended more than 200 of the US central bank’s policy meetings, first as a staffer on the sidelines and, since 2014, as a policymaker at the table. Now, on the eve of her retirement, she says the Fed can do better still.

Federal Reserve Bank of Cleveland President Loretta Mester said she still sees inflation risks as tilted to the upside despite welcome news in the latest data.

Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned amid the current inflationary environment. She speaks with Mike McKee on Bloomberg Television.

CNBC’s Steve Liesman and Cleveland Fed President Loretta Mester join ‘Squawk Box’ to discuss the state of the economy, what to make of the inflation reports this week, the Fed’s inflation fight, whether the monetary policies are sufficiently restrictive, rate path outlook, and more.