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MNI BRIEF: Cleveland Fed's Loretta Mester To Retire June 30


The Cleveland Fed said Wednesday it has launched the search for a president and CEO to succeed Loretta Mester, who will step down June 30 in accordance with the central bank's mandatory age and length of service policies.

Mester became the eleventh president and CEO of the Fed's Fourth District in June 2014. The Cleveland Fed is a voting member of the FOMC in 2024. The St. Louis Fed is also searching for a new leader after Jim Bullard stepped down mid-August.

MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

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