Loretta Mester Provides Takeaways as Fed Holds Rates Steady
April 30, 2026
Former Fed Pres. Loretta Mester joins Kristen Scholer on NYSE Live to discuss the Federal Reserve rates. Loretta Mester, former President of the Cleveland Fed,…
WWSG Exclusive
Former President and CEO, Federal Reserve Bank of Cleveland (2014-2024); CNBC Contributor
For audiences looking to better understand how monetary policy and the state of the economy will affect their organization or institution, Dr. Loretta Mester’s expertise is both incomparable and invaluable. As the former President and CEO of the Federal Reserve Bank of Cleveland for an entire decade (2014-2024), Loretta Mester has a deep and rooted understanding of the intricacies of U.S. monetary system and policy.
Dr. Mester’s varied accomplishments and wide breadth of knowledge enable her to enlighten audiences with either prepared remarks or as a participant in moderated conversation.
Dr. Mester examines the current U.S. and global economic landscape and the key challenges facing policymakers and businesses today. Her remarks are informed by her extraordinary career, most recently as President and CEO of the Federal Reserve Bank of Cleveland, along with her extensive academic research on the financial system.
In her engaging presentations, Dr. Mester discusses federal policymaking from an insider’s perspective. She focuses on the factors that will likely shape the U.S. economic outlook through the balance of this year and into the next, along with their associated risks. She also details some of the structural issues that will determine how the economy may fare over time, including demographic trends, technological change, and productivity growth.
For audiences looking to better understand how monetary policy and the state of the economy will affect their organization or institution, Dr. Loretta Mester’s expertise is both unmatched and invaluable.
Loretta J. Mester was president and chief executive officer of the Federal Reserve Bank of Cleveland from June 1, 2014 through June 30, 2024. In that role, she participated in the formulation of U.S. monetary policy and oversaw more than 1,000 employees based at the Bank’s Cleveland office and Branch offices in Cincinnati and Pittsburgh.
Mester began her career at the Federal Reserve Bank of Philadelphia in 1985 as an economist and was executive vice president and director of research at the Federal Reserve Bank of Philadelphia prior to her appointment as president and CEO of the Cleveland Fed on June 1, 2014.
Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and a Senior Fellow with the Wharton Initiative on Financial Policy and Regulation. She is also a Senior Scholar at the Griswold Center for Economic Policy Studies at Princeton University.
Mester is a member of the board of directors of Renaissance Re and of the Haverford Trust Company, a member of the advisory council of the Visa Economic Empowerment Institute, and a contributor to CNBC, the business and financial news network.
In addition, she is a trustee of the Cleveland Clinic, a trustee of the Musical Arts Association (Cleveland Orchestra), a director of the Council for Economic Education, a member of the Finance Panel of Experts at the University of Chicago Booth School Clark Center for Global Markets, a founding director of the Financial Intermediation Research Society, a member of the CNBC Global Financial Wellness Advisory Board, a member of the Global Interdependence Center’s College of Central Bankers, a fellow of the National Association of Business Economics, a member of the senior council of the Central Bank Research Association (CEBRA), a member of the advisory board of the Financial Intermediation Network of European Studies (FINEST), and an editor of the Journal of Financial Services Research.
Mester was born in Baltimore. 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.
We have had great client feedback on the conference, and particularly for the session Loretta was part of. It was the most attended session of the day. We had overflow into our additional viewing room for those who couldn’t get a seat in the main ballroom. We very much hope to have an opportunity to work with Loretta again in the future.
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