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.

Metro RTA

Wayside Furniture


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

Portman predicts McDonald's confirmation, but says it won't be easy
I sent the following note to Senator Blumenthal after reading commentary from yesterday's hearing: Senator, You certainly have the right to ask Mr. McDonald que...

Seven minutes changed everything, but what changed Ashford Thompson?
He shot the guy four times in the head. I have never been that drunk or mad, and I have been through it. Shoot a guy once is bad, maybe a mistake, shoot a guy f...

First cricket farm in the U.S. opens in Youngstown
I am interested in cricket flour to replace soy flour in a low carbohydrate diet. As soon as you have cricket flour available for the average person, please le...

New process starts digesting sludge in Wooster
Awesome! When do our sewage rates decrease accordingly?

Akron's Chapel Hill Mall in foreclosure
Not a surprise. Between the shoplifting, gangs and violence that goes on up there it is no wonder that no one feels safe to shop at Chapel Hill. They have sca...

Ohio launches investigation into at least one Concept charter school
I worked at Noble Academy Cleveland as admin assistant and enrolment coordinator for 6 years, I know this is so valid and true and can provide staff names and p...

Crisis looms in filling aviation industry jobs in Ohio and the nation
I listened to this story yesterday morning on the radio and just want to add this comment. My son went to school to train as an air traffic controller, and gra...

Cuyahoga Valley National Park considers fire to fight invasives
I'm for the controlled burn. There are not enough people (myself included) who volunteer for the removal of invasive plant species. Therefore, another solution ...

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