Loretta J. Mester
President and Chief Executive Officer
As president and chief executive officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester participates in the formulation of U.S. monetary policy, and oversees 1,000 employees in Cleveland, Cincinnati, and Pittsburgh who conduct economic research, supervise banking institutions, and provide payment services to commercial banks and the U.S. government. She assumed her role as president and CEO in June 2014.
Dr. Mester was born in Baltimore, MD. She graduated summa cum laude with a bachelor of arts degree in mathematics and economics from Barnard College of Columbia University. She earned M.A. and Ph.D. degrees in economics from Princeton University, where she was a National Science Foundation Fellow.
Prior to being named president and chief executive officer of the Federal Reserve Bank of Cleveland, Dr. Mester had been executive vice president and director of research at the Federal Reserve Bank of Philadelphia, where she was the chief policy advisor, attended meetings of the Federal Open Market Committee, and oversaw the economists and analysts in the Research Department, as well as professionals in the Financial Statistics Department and the Payments Cards Center. She joined the Federal Reserve Bank of Philadelphia in 1985 as an economist, becoming senior vice president and director of research in 2000, and executive vice president and director of research in 2010.
Reflections: Now Is the Time to Close the Digital Divide12.16.2022The views expressed here are my own and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.Article
Reflections: Small Businesses04.07.2022A message about the important role that small businesses and entrepreneurship play in the U.S. economy.Article
Reflections: Place Matters08.31.2021A message about place and why it matters when working toward expanding economic opportunity and inclusion.Article
Reflections: Workforce Development07.01.2021A message about workforce development and the importance of ensuring that all people have the opportunity to develop the skills and knowledge needed in our rapidly changing economy.Article
Reflections: Education05.03.2021Some reflections on education and the central role it plays in expanding economic inclusion and opportunity.Article
Reflections from Loretta J. Mester03.25.2021In a new series of regular reflections, I plan to discuss analysis from our Reserve Bank and also some of the steps we are taking to ensure that our own workplace is diverse and inclusive and one that offers opportunities to all of our employees.Article
A Message from Loretta J. Mester, President and CEO06.21.2020A Message from Loretta J. Mester, President and CEOArticle
The Plain Dealer and Cleveland.com article by President Mester05.10.2020How to increase the resilience of the American economy will be a key question once the coronavirus crisis abates: Loretta J. Mester
Federal Reserve Bank presidents are subject to investment and trading rules and are required to file the Form A Financial Disclosure Report. Note that the rules changed, effective in 2022. For more information see: Federal Reserve Board - FOMC formally adopts comprehensive new rules for investment and trading activity and Federal Reserve Board - Ethics and Values.
The Cleveland Fed president’s forms are available here:
For additional information, please contact Doug Campbell, email@example.com.