Loretta J. Mester served as the President and CEO of the Federal Reserve Bank of Cleveland from 2014 until her retirement in 2024. In this role, Dr. Mester participated in the formulation of U.S. monetary policy, engaged in the supervision and regulation of commercial banks, and oversaw an organization that conducted economic research, promoted community development and provided payment services to the U.S. Treasury. Prior to joining the Federal Reserve Bank of Cleveland, she served at the Federal Reserve Bank of Philadelphia in a variety of roles, including executive vice president and director of research. Dr. Mester has been an adjunct professor of finance at the Wharton School of the University of Pennsylvania since 2001, and currently serves as a trustee of the Cleveland Clinic, a director of the Council for Economic Education, a trustee of the Musical Arts Association (Cleveland Orchestra), a founding director of the Financial Intermediation Research Society, a member of the senior council of the Central Bank Research Association, and a member of the advisory board of the Financial Intermediation Network of European Studies. Dr. Mester is currently a member of the Board of Directors of The Haverford Trust Company, an SEC registered investment advisor.