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Loretta J. Mester, currently executive vice president and director of research at the Federal Reserve Bank of Philadelphia, has been appointed the new President and Chief Executive Officer of the Cleveland Fed.
Sandra Pianalto, president of the Federal Reserve Bank of Cleveland, will retire on May 31. Pianalto has led the Cleveland Fed since 2003 and announced in August that she would retire. (Andrew Harrer/Bloomberg)
INDEPENDENCE: At the Holiday Inn on Rockside Road, models strutted down a makeshift runway in one of the hotel’s ballrooms. At the end of the runway, they gave a twirl and a smile as they lifted their shirt or reached in their bag to reveal a pistol, tucked away safely out of view.