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Learn about Loretta J. Mester’s net worth, salary, age, height, family, parents, political party, Federal Reserve Bank, and further relevant details.

Introduction

President and chief executive officer of the Federal Reserve Bank of Cleveland is Loretta J. Mester. In addition, she is a member of the American Economic Association, the American Finance Association, the Econometric Society, and the International Financial Management Association.

Biographical Name: Loretta J. Mester Wealth: $8 million
CEO by Profession, Age 63, Height 1.71m
Loretta J. Mester’s wealth

Loretta J. Mester was born in Baltimore, Maryland, United States on October 24, 1958 (she is 63 years old). She is the offspring of two Americans. Mester holds a Bachelor of Arts in Mathematics and Economics from Barnard College, Columbia University, as well as a Master’s and Doctorate in Economics from Princeton. She was also a Princeton National Science Foundation Fellow.

Career

Loretta J. Mester was an executive vice president, director of research, and principal policy advisor at the Federal Reserve Bank of Philadelphia. She began working as an economist for the Federal Reserve Bank (in Philadelphia) in 1985 and was subsequently promoted to senior vice president, director of research, and executive vice president.

The president and chief executive officer of the Cleveland Federal Reserve Bank on June 1, 2014. She was the eleventh president and CEO of the Fourth District Federal Reserve Bank in Cleveland. Mester has nonetheless taught MBA and BA business courses at Wharton as well as a Ph.D. finance course at New York University.

She is an adjunct finance professor at the University of Pennsylvania’s Wharton School and a fellow at the Wharton Financial Institutions Center. Mester also serves as director of the Greater Cleveland Partnership and the Council for Economic Education, as well as trustee of the Cleveland Clinic and the Musical Arts Association (the Cleveland Orchestra).

Mester is also a founding director of the Financial Intermediation Research Society and a member of the Financial Intermediation Network of European Studies’ advisory board (FINEST). The American Economic Association, the American Finance Association, the Econometric Society, and the Financial Management Association International are among Loretta J. Mester’s professional affiliations.

Loretta J. Mester has published essays on central banking, economics, and finance in several periodicals. Co-editor of Journal of Financial Services Research and International Journal of Central Banking. She is an associate editor for the Journal of Financial Intermediation, the Journal of Money, Credit, and Banking, the Journal of Economics and Business, the Research in Banking and Finance, and the Journal of Financial Stability.

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

Loretta J. Mester’s wealth

What is Loretta J. Mester’s net worth? The estimated net worth of Loretta J. Mester is approximately $8 million. She derives the majority of her income from her position as chief executive officer. The sum of Loretta J. Mester’s monthly salary and other career earnings exceeds $1 million yearly. She is one of the wealthiest and most powerful chief executives in the United States. Her exceptional work accomplishments have afforded her a comfortable lifestyle and a few travels in a luxury automobile. Loretta J. Mester has an attractive height of 1.71 meters and a healthy weight that complements her personality.