Loretta J. Mester (born October 24, 1958) is president and CEO of the

Federal Reserve Bank of Cleveland The Federal Reserve Bank of Cleveland is the Cleveland-based headquarters of the U.S. Federal Reserve System's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia ...

Personal life

Mester was born in

Baltimore Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by popula ...

, Maryland on October 24, 1958. She is married to George Mailath, an economist at the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

Education

Mester has a Bachelor of Arts degree from

Barnard College Barnard College of Columbia University is a private women's liberal arts college in the borough of Manhattan in New York City. It was founded in 1889 by a group of women led by young student activist Annie Nathan Meyer, who petitioned Columbia ...

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

in Mathematics and Economics and a Masters and Ph.D. in Economics from Princeton University. She was also a National Science Foundation Fellow at Princeton.

Career

Mester worked at the Federal Reserve Bank of Philadelphia, where she was executive vice president, director of research and chief policy advisor. She began work with the Federal Reserve Bank (in Philadelphia) in 1985 as an economist, thereafter being promoted to senior vice president, director of research, executive vice president. Mester has taught in both the MBA and BA business courses at Wharton and the Ph.D. finance course at New York University. Mester became the president and CEO of the Federal Reserve Bank of Cleveland on June 1, 2014. She was the 11th president and CEO of Cleveland’s Fourth District Federal Reserve Bank. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and a fellow at the Wharton Financial Institutions Center. Other positions Mester holds include: director of both the Greater Cleveland Partnership and of the Council for Economic Education, trustee of both the Cleveland Clinic and the Musical Arts Association (the Cleveland Orchestra), founding director of the Financial Intermediation Research Society, member of the advisory board of the Financial Intermediation Network of European Studies (FINEST). Her professional memberships include the American Economic Association, the American Finance Association, the Econometric Society, and the Financial Management Association International.

Publications

Mester has published articles in various journals on the subjects of central banking, economics and finance. She is co-editor of the ''Journal of Financial Services Research'' and the ''International Journal of Central Banking''. She is an associate editor of: the ''Journal of Financial Intermediation''; ''Journal of Money, Credit, and Banking''; ''Journal of Economics and Business''; ''Research in Banking and Finance''; and ''Journal of Financial Stability''.

Philanthropy

Mester is a director of the Greater Cleveland Partnership, a director of the Council for Economic Education, a trustee of the Cleveland Clinic, a trustee of the Musical Arts Association (Cleveland Orchestra), a founding director of the Financial Intermediation Research Society, and a member of the advisory board of the Financial Intermediation Network of European Studies (FINEST).

References

{{DEFAULTSORT:Mester, Loretta J. 1958 births Living people Barnard College alumni Princeton University alumni 21st-century American economists American bankers American women bankers American women economists Businesspeople from Baltimore Economists from Maryland Economists from Ohio Federal Reserve Bank of Cleveland presidents 21st-century American women