The U.S. Government and the Federal Reserve have taken unprecedented emergency actions to mitigate the negative effects of the coronavirus pandemic which has shocked the economy and resulted in a major shutdown. With businesses ordered to close and mass layoffs, what additional measures can be taken to support financial markets and protect jobs? When will the economy start growing again and what will the recovery look like?
Loretta J. Mester, president of the Federal Reserve Bank of Cleveland, joins us to discuss the tools and policies of the U.S. central bank and how they can help the economy get back on a sustainable growth path. She will discuss her personal thought process and contributions to Fed policy decisions, as well as the Fed's ongoing public policy research on gender and income inequality. She’ll also be taking questions, so this is your chance to get answers directly from a Federal Reserve Bank president!
Speaker: Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Members - FREE
Nonmembers - FREE
(member pricing underwritten by CFA Society Chicago)
CFA Institute Qualified Activity: Eligible for 1 credit hour
Zoom login information will be provided in the reminder email closer to the event.
Registration closes at 5:00 PM on May 11, 2020.
4:00 pm - 5:00 pm CDT: Program
Please log in a few minutes early to test your video and internet connections.
*Distribution of presentation slides is at the discretion of the speaker and may not be available for this event
Loretta J. Mester took office on June 1, 2014, as the 11th president and chief executive officer of the Federal Reserve Bank of Cleveland. She participates in the formulation of U.S. monetary policy and oversees 1,000 employees in Cleveland, Cincinnati, and Pittsburgh who conduct economic research, supervise banking institutions, and provide payment services to commercial banks and the U.S. government.
Before becoming president, Dr. Mester was executive vice president and director of research at the Federal Reserve Bank of Philadelphia. She began her career as an economist at the Philadelphia Fed in 1985, and has been attending meetings of the Federal Open Market Committee since 2000, when she was named senior vice president and director of research.
Dr. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and is a fellow at the Wharton Financial Institutions Center. She has published numerous articles in refereed academic and professional journals on economics, central banking, and other topics. She is managing editor of the International Journal of Central Banking and co-editor of the Journal of Financial Services Research.
Dr. Mester is a director of the Greater Cleveland Partnership, a trustee of the Cleveland Clinic, a trustee of the Musical Arts Association (Cleveland Orchestra), and a director of the Council for Economic Education. She was born in Baltimore and graduated with a BA in mathematics and economics from Barnard College of Columbia University and earned M.A. and Ph.D. degrees in economics from Princeton University.
*Special Notes Regarding Fees:
This event is complimentary for both members and nonmembers. Registration online is required and closes at 5:00 PM on May 11, 2020.
CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.