Sandra Pianalto

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Sandra Pianalto (born August 4, 1954 in Valli del Pasubio , Vicenza province ) is an Italian- born American economist and banker . From 2003 to May 31, 2014, she was President and Chief Executive Officer (CEO) of the Federal Reserve Bank of Cleveland .

Life

Sandra Pianalto, who comes from Italy, completed an undergraduate degree in economics at the University of Akron after attending school , which she completed in 1976 with a Bachelor of Arts in Economics (BA Economics). She completed another postgraduate degree in economics at George Washington University with a Master of Arts in Economics (MA Economics).

After serving on the staff of the US House of Representatives Committee on Budgets , Sandra Pianalto joined the Federal Reserve Bank of Cleveland in 1983 as a research economist. She became Assistant Vice President Public Relations in 1984 and Vice President in 1988, before serving as First Vice President and Chief Operating Officer (COO) of the Federal Reserve Bank of Cleveland from 1993 to 2003 .

On February 1, 2003, Sandra Pianalto successor to Jerry L. Jordan as President and Chief Executive Officer (CEO) of the Federal Reserve Bank of Cleveland, which for the states Ohio and Pennsylvania competent regional bank of the Federal Reserve System , based in Cleveland . For the year 2014, it is a voting member of the FOMC ( Federal Open Market Committee ), the monetary and monetary policy operates in the United States.

In addition to this activity, she is involved in numerous institutions and organizations such as a board member of the Greater Cleveland Partnership , the Northeast Ohio Council on Higher Education and United Way Cleveland . She is also a trustee of the Cleveland Foundation , the Rock and Roll Hall of Fame & Museum and the University Hospitals Health System .

In February 2014, she defended the use of asset purchases and the Federal Reserve Bank's so-called forward guidance on interest rates as effective tools that helped lift the US economy out of recession .

Sandra Pianalto announced her resignation as President and Chief Executive Officer (CEO) of the Federal Reserve Bank of Cleveland in spring 2014. On February 13, 2014, it was announced that Loretta Mester , former Executive Vice President and Director of Research at the Federal Reserve Bank of Philadelphia , would succeed her on June 1, 2014.

Web links

Individual evidence

  1. ↑ Looking back, Pianalto praises US Fed's stimulus . In: Reuters of February 27, 2014
  2. ↑ Cleveland Fed President Sandra Pianalto Will Retire in Early 2014 . In: The Wall Street Journal, August 8, 2013
  3. ↑ Loretta Mester will succeed Sandy Pianalto as president, CEO of Cleveland Federal Reserve Bank . In: The Plain Dealer of February 13, 2014
  4. ↑ Cleveland Fed names successor to CEO Sandra Pianalto . In: Crain's Cleveland Business, February 13, 2014
personal data
SURNAME Pianalto, Sandra
BRIEF DESCRIPTION American economist and central banker
DATE OF BIRTH 4th August 1954
PLACE OF BIRTH Valli del Pasubio , Vicenza Province