Congratulations to Loretta Mester, New President of The Federal Reserve Bank of Cleveland
Loretta is presently the Director of Research at the Philadelphia Fed, and she will replace Cleveland's Sandra Pianalto effective June 1. She has been a stunningly effective research director in Philadelphia; indeed her loss is a terrible blow to FRB Philadelphia and a massive gain for FRB Cleveland. Not least I'm personally grateful for her enthusiastic support of FRB Philadelphia's ADS index and GDPplus series. I will miss her, and I wish her every success in her new role.