Loretta J. Mester
Former President and CEO (2014-2024)
Loretta J. Mester was President and CEO of the Federal Reserve Bank of Cleveland from June 1, 2014 to June 30, 2024. Prior to joining the Cleveland Fed, she had served at the Federal Reserve Bank of Philadelphia, starting 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. She earned a bachelor of arts degree in mathematics and economics from Barnard College of Columbia University and M.A. and Ph.D. degrees in economics from Princeton University, where she was a national science fellow.
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Forward Guidance and Monetary Policy Communications: Use Your Words and Connect the Dots
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 -
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Returning to Price Stability: An Update on the Economy and Monetary Policy
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 -
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An Update on the U.S. Economy and Monetary Policy
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 -
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Brief Remarks About the U.S. Economy and Monetary Policy
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 -
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Building Financial System Resilience
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 -
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Views on the Economy and Monetary Policy: In a Good Place and Ensuring We Reach an Even Better One
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Ohio Bankers League, Economic Summit, Columbus, OH, February 6, 2024, 12:00 PM EST -
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Financial System Resilience
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Policy Conference 2023, The George G. Kaufman Center for Financial Policy Studies, Quinlan School of Business, Loyola University Chicago, Chicago, IL, November 29, 2023, 1:45 PM EST -
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Monetary Policy in Word and Deed
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Shadow Open Market Committee Fall Meeting, New York, NY, October 20, 2023, 12:15 p.m. EDT -
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A Timely Journey Back to Price Stability: Are We There Yet? No. Will We Get There? Yes.
Loretta J. Mester-President and Chief Executive Officer-The 50 Club-Cleveland, OH-October 2, 2023, 7:30 p.m. EDT -
Speech
Inflation: Four Questions Requiring Further Research to Inform Monetary Policy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Closing Remarks, Inflation: Drivers and Dynamics Conference 2023-Federal Reserve Bank of Cleveland’s Center for Inflation Research and the European Central Bank-Frankfurt am Main, Germany, September 1, 2023, 9:45 AM EDT -
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An Update on the Federal Reserve’s Instant Payments Service: FedNow®
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Summer Institute 2023 Macro, Money, and Financial Frictions - National Bureau of Economic Research, Cambridge, MA, July 12, 2023, 4:00 PM EDT -
Speech
An Update on the Economy and Monetary Policy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-2023 UC San Diego Economics Roundtable, San Diego, CA (via videoconference), July 10, 2023, 11:00 AM EDT -
Speech
Perseverance and Partnership Produce Progress in Community Development
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-2023 Policy Summit: Communities Thriving in a Changing Economy, Sponsored by the Federal Reserve Banks of Cleveland, Boston, Chicago, Dallas, Kansas City, Minneapolis, Philadelphia, Richmond, and St. Louis—Cleveland, OH, June 23, 2023, 1:40 PM EDT -
Speech
Longer-Run Trends and the U.S. Economy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-The Global Interdependence Center Central Banking Series, Dublin, Ireland , May 16, 2023, 8:15 a.m. EDT -
Speech
Progress and Prudence: An Update on the Economy and Monetary Policy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- The Akron Roundtable Signature Series, April 20, 2023, 12:20 p.m. EDT -
Speech
A Diligent and Judicious Return to Price Stability
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Money Marketeers of New York University, Inc., New York, NY, April 4, 2023, 6:45 p.m. EDT -
Speech
Comments on “Managing Disinflations”
Loretta J. Mester-President and Chief Executive Officer- 2023 US Monetary Policy Forum Sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, NY, February 24, 2023, 10:15 a.m. EST -
Speech
Returning to Price Stability: In It to Win It
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-Financial Executives International of Northeast Ohio and The Association for Corporate Growth Cleveland, Cleveland, OH, February 16, 2023, 6:15 PM EST -
Speech
Returning to Price Stability: In It to Win It
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-The Global Interdependence Center, University of South Florida Sarasota-Manatee College of Business, Sarasota, FL, February 16, 2023, 8:45 AM EST -
Speech
A Diligent Return to Price Stability
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Markus’ Academy, Princeton Bendheim Center for Finance, Princeton University, Princeton, NJ (via videoconference) November 10, 2022, 12:30 p.m. EST -
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An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Signature Luncheon, Economic Club of New York, New York, NY, October 11, 2022, 12 noon EDT -
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Economists on the Economy
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland, Council for Economic Education’s “Economists on the Economy” virtual discussion, October 6, 2022, 6:30 p.m. EDT -
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An Update on the Federal Reserve’s Efforts to Modernize the Payment System
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Keynote Speech, 2022 Chicago Payments Symposium: Building Customer-Centered and Adaptive Networks, Federal Reserve Bank of Chicago, Chicago, IL, October 4, 2022, 9:15 a.m. EDT -
Speech
Inflation: Drivers and Dynamics Conference 2022
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland, Policy Panel, Inflation: Drivers and Dynamics Conference 2022, sponsored by the Federal Reserve Bank of Cleveland’s Center for Inflation Research and the European Central Bank, Cleveland, OH, September 29, 2022, 1:00 p.m. EDT. -
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Inflation, Inflation Expectations, and Monetary Policymaking Strategy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland, Distinguished Speaker Series-Massachusetts Institute of Technology Golub Center for Finance and Policy - Cambridge, MA, September 26, 2022, 4:10 p.m. EDT -
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An Update on the Economic Outlook and Monetary Policy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland, Market News International Webcast (via videoconference), September 7, 2022, 10:00 a.m. ET -
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Returning to Price Stability
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland, Government Affairs Breakfast – Dayton Area Chamber of Commerce, Dayton, OH, August 31, 2022, 8:00 a.m. ET -
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The Role of Inflation Expectations in Monetary Policymaking: A Practitioner’s Perspective
Loretta J. Mester - President and Chief Executive Officer - Federal Reserve Bank of Cleveland, European Central Bank Forum on Central Banking: Challenges for Monetary Policy in a Rapidly Changing World-Sintra, Portugal (via videoconference), June 29, 2022 1:00 p.m. ET -
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An Update on the Economy and Monetary Policy
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Philadelphia Council for Business Economics, Philadelphia, PA (via videoconference), June 2, 2022 1:00 p.m. ET -
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The Great Recalibration of U.S. Monetary Policy
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - International Research Forum on Monetary Policy: Monetary Policy During and After the Pandemic, European Central Bank, Frankfurt, Germany (via videoconference), May 13, 2022 12 p.m. ET -
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The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Federal Reserve Bank of Atlanta 2022 Financial Markets Conference, Amelia Island, Florida, May 10, 2022, 3:00 p.m. ET -
Speech
Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Ohio Economic Forum 2022: Education and Workforce Development: The Key to Ohio’s Economic Future, The University of Akron, Akron, OH, April 14, 2022, 3:20 p.m. ET -
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Views on the Economy and Monetary Policy
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Mellen Executive Speaker Series, John Carroll University, University Heights, OH, March 22, 2022, 5:00 p.m. EDT -
Speech
An Update on the U.S. Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Lyons Companies and the Center for Economic Education and Entrepreneurship, Alfred Lerner College of Business and Economics, University of Delaware, Newark, DE (via videoconference) February 24, 2022, 12:00 p.m. ET -
Speech
Transitioning Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - New York University Stern Center for Global Economy and Business - New York, NY (via videoconference) February 17, 2022, 5:00 p.m. ET -
Speech
Rebalancing the U.S. Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The European Economics and Financial Centre Distinguished Speakers Seminar - Federal Reserve Bank of Cleveland - London, U.K. (via videoconference) 12:00 p.m. ET -
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President Mester in conversation with Federal Reserve Vice Chair Clarida
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland, Town Hall meeting with Federal Reserve Vice Chair Richard Clarida, November 30, 2021 -
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President Mester in conversation with ECB's Lane
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland, Inflation: Drivers and Dynamics Conference 2021, Policy panel, October 7, 2021 -
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Cybersecurity and the Federal Reserve
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Fourth Annual Managing Cyber Risk from the C-Suite Conference - Sponsored by the Federal Reserve System’s Large and Foreign Banking Organizations Management Group - Federal Reserve Bank of Cleveland - Cleveland, OH (via videoconference) 12:10 p.m. ET -
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President Mester in Shadow Open Market Committee panel discussion
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland, Inflation, Employment, and the Federal Reserve, October 1, 2021 -
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What’s Ahead for the U.S. Economy and Monetary Policy?
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Ohio Bankers League 2021 CEO Symposium – Columbus, Ohio - (via videoconference) – September 24, 2021 8:45 a.m. ET -
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The Federal Reserve’s Revised Monetary Policy Strategy and Its First Year of Practice
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Policy Keynote Speech - Bank of Finland and Centre for Economic Policy Research (CEPR) Joint Webinar: “New Avenues for Monetary Policy” - Helsinki, Finland - (via videoconference) – September 10, 2021 9:00 a.m. ET -
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Financial Stability and Monetary Policy in a Low-Interest-Rate Environment
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Workshop on Low-Interest-Rate and Unconventional Monetary Policy - Norges Bank, Oslo, Norway (via videoconference) - June 22, 2021 10:30 a.m. ET -
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President Mester in discussion with UC Santa Barbara Economic Forecast Project
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- UCSB Economic Forecast Project, May 6, 2021, 1:00 p.m. -
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A Bright Outlook for the U.S. Economy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Boston Economic Club - Boston, MA (via videoconference) - May 5, 2021 -
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The Cycle of Disparities in Economic Outcomes and Opportunities
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Swarthmore College – Swarthmore, PA (via videoconference) - April 15, 2021 -
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President Mester discusses diversity in the economics profession
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Racism and the Economy – Focus on the Economics Profession, April 13, 2021, 12:00 p.m. -
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President Mester discusses housing inequity
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Racism and the Economy -- Focus on Housing, March 1, 2021, 3:30 p.m. -
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Toledo Rotary hosts President Mester for discussion on the economy
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- "Fireside chat on the economy", Toledo Rotary, February 8, 2021, 12:15 p.m. -
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President Mester discusses monetary policy during the pandemic
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Council for Economic Education-February 3, 2021, 5:00 p.m. -
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Toward a More Inclusive Labor Market and Stronger Economy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Remarks for the Session, “The Future of Work and Alternative Work Arrangements” at the Conference on Uneven Outcomes in the Labor Market: Understanding Trends and Identifying Solutions - Organized by Community Development Staff at the Federal Reserve Banks of Atlanta, Boston, Cleveland, Philadelphia and the Federal Reserve Board of Governors - (via videoconference) - February 2, 2021 -
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Moving Toward a Broad-Based Sustainable Economic Recovery in the U.S.
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The European Economics and Financial Centre - Distinguished Speakers Seminar - London, U.K. (via videoconference) - January 12, 2021 -
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Remarks for the Session: “Increasing Diversity in Economics: From Students to Professors”
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - American Economic Association Paper Session - Allied Social Science Associations Annual Meeting (via videoconference) - January 4, 2021 -
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Patience Will Be a Virtue in Fostering a Broad-Based Sustainable Recovery
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Maekyung - Korea-America Economic Association Forum - Allied Social Science Associations Annual Meeting (via videoconference) - January 4, 2021 -
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Fintech, Bigtech, and Financial Inclusion
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Fourth Annual Fintech Conference - Federal Reserve Bank of Philadelphia - Philadelphia, PA (via videoconference - November 9, 2020 -
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The Federal Reserve’s New Monetary Policy Strategy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Remarks for the Session “Monetary Policy Implications” - 6th Annual Monetary and Financial Policy Conference - Money Macro and Finance Society - London, U.K. (via videoconference) - October 21, 2020 -
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An Update on the Effects of the Pandemic on the Economy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Greater Cleveland Partnership Annual Meeting (videotaped October 6, 2020) - October 14, 2020 -
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Toward a More Inclusive Economy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Economic Equality Webinar - African American Chamber of Commerce of Western Pennsylvania - Pittsburgh, PA (via videoconference) - September 28, 2020 -
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Payments and the Pandemic
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Keynote Speech - 20th Anniversary Chicago Payments Symposium - Federal Reserve Bank of Chicago - Chicago, IL (via videoconference) - September 23, 2020 -
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An Update on the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Keynote Session - 2020 Economic Measurement Seminar - The NABE Foundation (via videoconference) - September 2, 2020 -
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The Economy and Monetary Policy in Our Challenging Times
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - 2020 Liberal Arts Macroeconomics Conference - Pomona College - Claremont, CA (via videoconference) - August 5, 2020 -
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The Outlook for the Economy and Federal Reserve Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Economists on the Economy - Council for Economic Education - New York, NY (via videoconference) - June 17, 2020 -
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An Update on the Economy and the Federal Reserve’s Policy Response
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - POWER Series - CFA Society Chicago - Chicago, IL (via videoconference) - May 12, 2020 -
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Maintaining Economic Health During a Crisis
Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland-City Club of Cleveland, (via videoconference) April 10, 2020, 12:30 p.m. ET -
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Statement Regarding My Dissenting Vote at the Meeting of the Federal Open Market Committee Held on March 15, 2020*
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Statement Regarding My Dissenting Vote at the Meeting of the Federal Open Market Committee Held on March 15, 2020 -
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Remarks for the Panel: “Transparency and Communications”*
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Shadow Open Market Committee Conference - Current Monetary Policy: The Influence of Marvin Goodfriend - New York, NY - March 6, 2020 -
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An Update on the U.S. Economy and the Federal Reserve’s Review of Its Monetary Policy Framework
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Society of Professional Economists Annual Dinner - London, United Kingdom - March 3, 2020 -
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The Outlook for the Economy and Monetary Policy in 2020
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Outlook for the Economy and Monetary Policy in 2020 - 36th Annual NABE Economic Policy Conference - Washington, DC - February 24, 2020 -
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Remarks for the Session: “Hall of Mirrors: Feedback Between Monetary Policy and Financial Markets”
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Panel Remarks at the 2020 U.S. Monetary Policy Forum Sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business - New York, NY - February 21, 2020 -
Speech
Modernizing Our Payments System
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Fourth Annual Financial Literacy Day: Understanding Global Markets and Finance - Global Interdependence Center - University of South Florida, Sarasota-Manatee - Sarasota, FL - February 14, 2020 -
Speech
Cybersecurity and Financial Stability
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Cybersecurity and Financial Stability - 2019 Financial Stability Conference – Financial Stability: Risks, Resilience, and Policy - Federal Reserve Bank of Cleveland and the Office of Financial Research - Cleveland, Ohio - November 21, 2019 -
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An Update on the Economic Outlook and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - An Update on the Economic Outlook and Monetary Policy - Mellen Executive Speaker Serie - John Carroll University - University Heights, Ohio - October 10, 2019 -
Speech
Views on the U.S. Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Views on the U.S. Economy and Monetary Policy - The European Economics and Financial Centre - Distinguished Speaker Seminar - London, U.K. - July 2, 2019 -
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Improving Our Monetary Policy Strategy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Panel Remarks for “Strategies for Monetary Policy: A Policy Conference” - The Hoover Institution, Stanford University - Stanford, CA - May 3, 2019 -
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Perspectives on Cybersecurity, the Financial System, and the Federal Reserve
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - 2019 Ohio Bankers Day - Ohio Division of Financial Institutions - Columbus, OH - April 4, 2019 -
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Increasing Diversity, Inclusion, and Opportunity in Economics: Perspectives of a Brown-Eyed Economist
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Second Annual Women in Economics Symposium - Federal Reserve Bank of St. Louis - St. Louis, MO - February 28, 2019 -
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Transitions: The Economy, Monetary Policy, and Policy Communications
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Lyons Companies and the University of Delaware Alfred Lerner College of Business and Economics Center for Economic Education and Entrepreneurship - Newark, DE - February 19, 2019 -
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The Outlook for the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - University of Kentucky - Lexington, KY - February 13, 2019 -
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The Outlook for the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Financial Executives International and Xavier University - Cincinnati, OH - February 12, 2019 -
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Perspectives on the Economic Outlook and Monetary Policy in the Coming Year
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The 50 Club - Cleveland, OH - February 4, 2019 -
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Community Development and the Federal Reserve
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Opening Remarks at the Collaboration for Inclusive Economic Development: A Forum for Philanthropies, Policymakers, and Practitioners - Federal Reserve Bank of Boston - Boston, MA - November 29, 2018 -
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The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Money Marketeers of New York University - New York, NY - October 25, 2018 -
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Community Banking and the Community Reinvestment Act
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Community Banking and the Community Reinvestment Act - Community Banking in the 21st Century Research and Policy Conference - Federal Reserve Bank of St. Louis - St. Louis, MO - October 3, 2018 -
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A Practical Viewpoint on Financial System Resiliency and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - A Practical Viewpoint on Financial System Resiliency and Monetary Policy - Third Annual ECB Macroprudential Policy and Research Conference - European Central Bank - Frankfurt, Germany - May 18, 2018 -
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Issues for U.S. Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Issues for U.S. Monetary Policy - Global Interdependence Center Central Banking Series with Banque de France - Paris, France - May 14, 2018 -
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Perspectives on the Economic Outlook and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Perspectives on the Economic Outlook and Monetary Policy - University of Pittsburgh Katz School of Business and Deloitte LLP - Pittsburgh, PA - April 19, 2018 -
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Why I Want You to Study Economics: Increasing Diversity, Inclusion, and Opportunity in Economics
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Why I Want You to Study Economics: Increasing Diversity, Inclusion, and Opportunity in Economics - Leaders, Executives, Entrepreneurs and Directors (LEED) Program - Central State University College of Business - Wilberforce OH - April 4, 2018 -
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The Economic Outlook, Monetary Policy, and Some Future Considerations for the Monetary Policy Agenda
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Economic Outlook, Monetary Policy, and Some Future Considerations for the Monetary Policy Agenda - The Julis-Rabinowitz Center for Public Policy and Finance - Princeton University - Princeton, NJ - March 26, 2018 -
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Remarks on the FOMC’s Monetary Policy Framework
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Remarks on the FOMC’s Monetary Policy Framework – Panel Remarks at the 2018 U.S. Monetary Policy Forum - The Initiative on Global Markets at the University of Chicago Booth School of Business - New York, NY - February 23, 2018 -
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Views on the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Views on the Economy and Monetary Policy - Government Affairs Breakfast Series - Dayton Area Chamber of Commerce - Dayton, OH - February 13, 2018 -
Speech
The Outlook for the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Outlook for the Economy and Monetary Policy - The Council for Economic Education - New York, NY - January 18, 2018 -
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The Federal Reserve and Monetary Policy Communications
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Federal Reserve and Monetary Policy Communications - The Tangri Lecture - Rutgers University - New Brunswick, NJ - January 17, 2018 -
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Financial Stability Framework
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Panel Remarks for the International Banking, Economics, and Finance Association and American Economic Association Session, “Integrating Financial Stability with Monetary Policy” - Philadelphia, PA - January 6, 2018 -
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Monetary Policy Frameworks
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland-Panel Remarks for the National Association for Business Economics and American Economic Association Session, “Coordinating Conventional and Unconventional Monetary Policies for Macroeconomic Stability”-Philadelphia, PA - January 5, 2018 -
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Demographics and Their Implications for the Economy and Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Cato Institute’s 35th Annual Monetary Conference: The Future of Monetary Policy - Washington, DC - November 16, 2017 -
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Guiding Principles for Financial Regulation
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Panel Remarks at “The Future of Global Finance: Populism, Technology, and Regulation” Conference - Columbia University - New York, NY -
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Views on the Economy and Monetary Policy
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Economic Club of Pittsburgh, the World Affairs Council of Pittsburgh, CFA Society Pittsburgh, and the Pittsburgh Association for Financial Professionals - Pittsburgh, PA -
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Perspectives on the Economic Outlook and Banking Supervision and Regulation
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Community Bankers Association of Ohio Annual Convention - Cincinnati, OH -
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The Federal Reserve System and Community Development: The Why, The How, and The What
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - 2017 Policy Summit on Housing, Human Capital, and Inequality, Sponsored by the Federal Reserve Banks of Cleveland, Philadelphia, and Minneapolis - Cleveland, OH -
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The Economic Outlook and Some Longer-Run Issues
Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Economic Club of Minnesota - Minneapolis, MN - May 18, 2017
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Article
Reflections: Now Is the Time to Close the Digital Divide
12.16.2022The views expressed here are my own and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.ArticleReflections: Small Businesses
04.07.2022A message about the important role that small businesses and entrepreneurship play in the U.S. economy.ArticleReflections: Place Matters
08.31.2021A message about place and why it matters when working toward expanding economic opportunity and inclusion.ArticleReflections: Workforce Development
07.01.2021A 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.ArticleReflections: Education
05.03.2021Some reflections on education and the central role it plays in expanding economic inclusion and opportunity.ArticleReflections from Loretta J. Mester
03.25.2021In 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.ArticleA Message from Loretta J. Mester, President and CEO
06.21.2020A Message from Loretta J. Mester, President and CEOArticleThe Plain Dealer and Cleveland.com article by President Mester
05.10.2020How to increase the resilience of the American economy will be a key question once the coronavirus crisis abates: Loretta J. Mester -
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Interview
Reuters Interviews President Loretta J. Mester
06.24.2024As 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. -
Interview
Bloomberg Interviews President Loretta J. Mester
06.17.2024The 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. -
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CNBC Interviews President Loretta J. Mester
06.14.2024CNBC’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. -
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Bloomberg Television Interviews President Loretta J. Mester
06.14.2024Federal 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. -
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CNN Interviews President Loretta J. Mester
06.14.2024Outgoing president of the Federal Reserve Bank of Cleveland Loretta Mester speaks to Richard Quest about her outlook for interest rates. -
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Bloomberg Interviews President Loretta J. Mester
06.14.2024Federal 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. -
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Reuters Interviews President Loretta J. Mester
05.24.2024In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and plentiful commentary on the economy and monetary policy. -
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Bloomberg Television Interviews President Loretta Mester
05.20.2024Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Mester also says three rate cuts in 2024 is probably no longer appropriate. -
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Central Bank Central interviews President Loretta Mester
05.15.2024Mester: April CPI Doesn't Change Outlook, More Evidence Still Needed. Cleveland Fed President Says Need to See Progress on Sticky Services Prices. -
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The Wall Street Journal interviews President Loretta Mester
05.14.2024Mester Says Fed in ‘Really Good Place’ to Study Economy Before Charting Rate Path. Cleveland Fed president says she isn’t eager to consider interest-rate hikes. -
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CNBC interviews President Loretta Mester
03.07.2024Cleveland Fed President Loretta Mester joins CNBC to discuss her outlook for the economy, the effect of Fed policies on the recent economy, and more. -
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Yahoo! Finance interviews President Loretta Mester
02.29.2024Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024. -
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Australian Broadcasting Corporation interviews President Loretta Mester
02.08.2024US Federal Reserve member Loretta Mester joins central bank chorus pushing back on rate cut hopes. -
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Bloomberg interviews President Loretta Mester
01.11.2024Fed's Mester on CPI inflation and possible rate cut. -
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The Financial Times interviews President Loretta Mester
12.18.2023In an interview with the Financial Times, Loretta Mester, president of the Cleveland Fed warned that financial markets have jumped “a little bit ahead” by penciling in early interest rate cuts next year. -
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CNBC interviews President Mester at Financial Stability Conference
11.16.2023Fed's Mester on inflation and financial stability. -
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Börsen-Zeitung Interviews President Mester
09.05.2023The question of whether or not the US Federal Reserve will raise its key interest rate even further is driving market participants and economists around the world. In an interview with Börsen-Zeitung, Loretta Mester, President of the Cleveland Regional Fed, gives her take of the situation. -
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CNBC Interviews President Mester
08.25.2023We ‘probably have more work to do’ to get the underlying inflation, says Cleveland Fed president -
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Bloomberg TV Interviews President Mester
08.25.2023Fed’s Mester on Inflation, Economy, Mortgage Rates -
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CNBC Interviews President Mester
05.26.2023Inflation’s still too high and it’s stubborn…We have made progress, inflation is down from where it was last summer but it’s very slow progress and it’s concerning. -
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Yahoo Finance interviews President Mester
04.20.2023Fed’s Loretta Mester: ‘Rates are going to have to move up above that 5% level’ -
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Bloomberg TV interviews President Mester
04.05.2023Fed's Mester on Labor Market, Policy, and Rates Path. -
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CNBC Interviews President Mester
02.24.2023Cleveland Fed’s Mester: Need to do more to get back to price stability -
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Associated Press Interviews President Mester
01.18.2023Transcript: AP interview with Cleveland Fed President Mester. -
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Bloomberg TV interviews President Mester
12.16.2022Fed Needs High Rates for ‘a While’ to Cool Prices, Mester Says -
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CNBC interviews President Mester
11.21.2022Fed's Mester wants more progress on inflation before ending interest rate hikes. -
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Bloomberg TV interviews President Mester
10.11.2022Mester: Federal Reserve Should Stick to Balance Sheet Runoff Plan -
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CNBC interviews President Mester
09.29.2022Cleveland Fed Pres. Loretta Mester: Interest rates are not yet restrictive -
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Wall Street Journal interviews President Mester
09.09.2022Transcript: WSJ Interview With Cleveland Fed President Loretta Mester -
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Yahoo! Finance interviews President Mester
08.26.2022Fed’s Mester on fighting inflation: It's ‘less costly to do this now’ -
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Bloomberg TV interviews President Mester
08.26.2022Mester Says Fed Might Need to Move Rates Above 4% and Hold -
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WESA FM Pittsburgh interviews President Mester
08.04.2022Cleveland Fed president says it will take one or two years for inflation to sink back to 2% -
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Washington Post Live interviews President Mester
08.02.2022President of the Federal Reserve Bank of Cleveland on the economy and inflation -
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Bloomberg TV interviews President Mester
07.13.2022Federal Reserve's Mester on Inflation, Interest Rates -
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CNBC interviews President Mester
06.29.2022Fed’s Mester backs 75 basis point hike in July if conditions remain the same -
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Face the Nation interviews President Mester
06.19.2022Mester says she is "not predicting a recession". -
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CNBC interviews President Mester
06.03.2022Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed -
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Bloomberg TV interviews President Mester
05.10.2022Fed's Mester on Rate Hikes, Inflation and Economy -
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Yahoo! Finance interviews President Mester
05.10.2022Cleveland Fed's Mester 'comfortable' with 0.50% rate hikes at next two meetings -
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CNBC interviews President Mester
04.22.2022Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead -
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Face the Nation interviews President Mester
04.10.2022Cleveland Fed chief expects inflation to remain above 2% into 2023 -
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CNBC interviews President Mester
03.03.2022Uncertainty around world doesn’t change need to curb U.S. inflation, says Cleveland Fed president -
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Barron's Live interviews President Mester
02.24.2022A Conversation with Cleveland Fed President Loretta Mester -
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CNN interviews President Mester
02.09.2022Cleveland Fed's Mester: Fed ready to hike rates at any meeting -
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Wall Street Journal interviews President Mester
01.12.2022In Conversation with the Federal Reserve Bank of Cleveland’s Loretta J. Mester -
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Bloomberg TV interviews President Mester
01.11.2022Fed's Mester on Rates Path, Balance Sheet, Ethics Rules -
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Bloomberg TV interviews President Mester
12.01.2021Fed’s Mester Open to Faster Taper to Win Space for Rate Hike -
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CNBC interviews President Mester
10.20.2021Cleveland Fed President Loretta Mester: Rate hikes aren’t coming any time soon -
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President Mester: Inflation to start to come back down in 2022
10.01.2021As 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. -
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Bloomberg TV interviews President Mester
08.27.2021Fed's Mester on Asset Purchases, Outlook for Inflation -
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CNBC interviews President Mester
08.27.2021Cleveland Fed’s Mester: Comfortable with taper plan in September -
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CNBC interviews President Mester
06.04.2021Fed’s Mester lauds jobs report but says it’s not enough to change policy -
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Bloomberg TV interviews President Mester
05.14.2021Fed’s Mester on Data Volatility, Inflation, Monetary Policy -
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Yahoo! Finance interviews President Mester
05.11.2021Fed’s Mester: Expect ‘more strength’ in the labor market this year -
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CNN International interviews President Mester
03.05.2021President Mester discusses the U.S. economy with Richard Quest. -
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President Mester joins the Toledo Rotary for a “fireside chat”
02.08.2021President 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. -
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CNBC interviews President Mester
02.04.2021Cleveland Fed’s Mester: Economy will need policy support for a while -
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Bloomberg TV interviews President Mester
01.07.2021Fed's Mester on Women in Economics -
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Bloomberg TV interviews President Mester
01.07.2021Mester: More Fiscal Action Won’t Justify Fed Pull-Back -
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Bloomberg TV interviews President Mester
11.19.2020Fed’s Mester: U.S. Needs More Fiscal Policy, Not Monetary. -
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CNBC interviews President Mester
10.06.2020Trump’s ending of stimulus talks will mean a ‘much slower’ recovery, Fed’s Mester says. -
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Yahoo! Finance interviews President Mester
08.28.2020Cleveland Fed's Mester: GDP to be about 6% lower than last year for 2020. -
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CNBC interviews President Mester
08.28.2020Fed’s Mester says recovery will be ‘a slow one’ and more economic support is needed. -
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WOSU interviews President Mester
08.05.2020The Economy and how it is impacting Ohio. -
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CNBC interviews President Mester
07.07.2020Fed’s Mester says economic growth ‘leveling off,’ sees more help needed. -
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WVXU interviews President Mester and Jenell Ross, chair of the Cleveland Fed’s Cincinnati Branch board
06.30.2020Cleveland Fed On COVID-19 And The Economic Outlook. -
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President Mester and Chair Powell Participate in “Building a Resilient Workforce” program
06.19.2020President Mester and Chair Powell Participate in “Building a Resilient Workforce” program. -
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Global Interdependence Center interviews President Mester
06.18.2020The Fed’s Response to COVID-19. -
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Wharton Business Daily interviews President Mester
05.11.2020Loretta J. Mester on Wharton Business Daily. -
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Bloomberg TV interviews President Mester
04.17.2020Fed's Mester on Economic Impact of Coronavirus Pandemic. -
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News 5 Cleveland interviews President Mester
04.16.2020Federal Reserve Bank of Cleveland President talks about the economic crisis. -
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CNBC interviews President Mester
03.31.2020The Fed’s Loretta Mester says to expect ‘some really bad economic numbers’ before things get better. -
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CNBC interviews President Mester
03.04.2020Market rout didn’t force US rate cut — but it was noted, Fed’s Mester says. -
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Reuters interviews President Mester
02.27.2020Too white, too male: Fed takes on diversity one bank board member at a time. -
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Bloomberg TV interviews President Mester
02.14.2020Fed’s Mester Says Economic Fundamentals are Good; Virus Is a New Risk. -
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Bloomberg TV interviews President Mester
01.03.2020Fed's Mester on U.S. Economy, Trade and Monetary Policy. -
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American Banker interviews President Mester
11.21.2019FedNow is necessary, Fed digital currency is not: Mester -
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Pittsburgh Post-Gazette interviews President Mester
10.17.2019Cleveland Fed keeping an eye on Pittsburgh-area businesses to see if trade war slows hiring, investment -
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CNBC interviews President Mester
10.04.2019CNBC’s full interview with Cleveland Federal Reserve President Loretta Mester -
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Yahoo! Finance interviews President Mester
08.23.2019Fed's Mester: U.S. economy is 'about at neutral' -
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Bloomberg TV interviews President Mester
08.23.2019Fed policy must be 'Uber Data-Dependent' now, Mester says -
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BBC’s Business Matters interviews President Mester
07.04.2019Inside America's central bank -
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Bloomberg TV interviews President Mester
07.03.2019Fed's Mester on Rates, Economy, Inflation, Lagarde -
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Bloomberg TV interviews President Mester
05.03.2019Mester Says Fed Is in a Good Spot, Has Time to Assess Outlook -
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CNBC interviews President Mester
01.04.2019Watch CNBC’s full interview with Cleveland Fed President Loretta Mester -
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Bloomberg TV interviews President Mester
01.04.2019Fed's Mester on Inflation, Monetary Policy and Gov't Shutdown -
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Wharton Business Radio interviews President Mester
12.21.2018Behind The Markets Podcast: Loretta Mester -
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CNBC interviews President Mester
10.26.2018Fed’s Mester: Rate hikes are based on economic data not preconceived notions on where they should be -
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CNBC interviews President Mester
08.24.2018Cleveland Fed president on the US economy, risks and tariffs -
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Bloomberg TV interviews President Mester
08.24.2018Fed's Mester on Interest Rates, Yield Curve, Inflatio -
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Wall Street Journal interviews President Mester
07.12.2018Cleveland Fed President: Strong Economy Justifies Two More Interest Rate Increases This Year -
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St. Louis Fed’s “Women in Economics” podcast interviews President Mester
06.19.2018Women in Economics: Loretta Mester -
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MarketWatch interviews President Mester
06.01.2018Cleveland Fed’s Mester says the Italian turmoil and a flattening yield curve haven’t changed her interest-rate view -
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CNBC interviews President Mester
05.14.2018US should watch its debt pile before ‘things get out of hand,’ Fed’s Mester says -
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Bloomberg TV interviews President Mester
05.14.2018Fed's Mester on Transparent Policy, Inflation, Rate Path -
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CNBC interviews President Mester
01.05.2018Fed’s Loretta Mester: Don’t know how tax reform will affect investment -
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CNBC interviews President Mester
11.09.2017Gradual rate hikes in the US are the best option, says Fed’s Mester -
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CNBC interviews President Mester
08.25.2017Fed’s Mester says central bank needs to be ‘pre-emptive’ of rising inflation -
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Reuters interviews President Mester
08.18.2017Fed, split by inflation, should forge on with rate hikes: Mester -
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WVIZ Ideastream interviews President Mester
06.23.2017Cleveland Federal Reserve Bank CEO Speaks at Biannual Policy Summit
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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.
Former President Mester's forms are available here:
For additional information, please contact Doug Campbell, doug.campbell@clev.frb.org.