News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hennes Paynter Communications

Akron Children's Hospital

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Loretta Mester, new Cleveland Fed chief, takes over June 1
Mester is moving over from Philadelphia Federal Reserve bank
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Loretta Mester, 55, becomes the new chief of the Cleveland Federal Reserve Bank.
Courtesy of Federal Reserve Bank of Cleveland
Download (WKSU Only)
In The Region:

The new president of the Cleveland Federal Reserve bank will be Loretta Mester, who is now executive vice president and research director for its counterpart in Philadelphia. 

Mester will replace Sandra Pianalto, who began at the Cleveland bank in 1983 and became its president in 2003. 

Mester has been the top policy adviser in Philadelphia and, like Pianalto, is regarded as a pragmatist. 

Christopher Connor – the head of Sherwin Williams and the search committee that picked Mester – said in a statement that she is a “distinguished and widely respected economist and leader” with vast and deep experience. She earned her doctorate in economics from Princeton, specializing in industrial organization. 

Mester will officially take over June 1st. 

The Cleveland Fed has 950 employees, and is one of 12 banks that make up the Federal Reserve system. It covers Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

New book says Willoughby Coal is haunted...and that's good for business
Would love to see a series of books that would just thrill me. I cannot wait to visit some of the locations. And revisit some of the locations I have already vi...

Cleveland Indians to continue with 'dynamic pricing'
pricing is too high for a family as well as people like me who are on a fixed income. Bleacher seats are cheaper but concessions are rediculous.

Kasich talks about faith, drugs and education -- but never FitzGerald
The idea that you can learn more by talking to a 90 year old person than from a history book is just another example of how the GOP hates education and knowledg...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University