Cleveland Fed President Pianalto to Retire

By Features FOXBusiness

Sandra Pianalto, president of the Federal Reserve Bank of Cleveland and a member of the Federal Reserve’s policy making committee, announced Thursday she will retire early next year after a three-decade career with the bank.

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Pianalto joined the Cleveland Fed in 1983 and has served as its president since 2003, according to a statement released by the bank.

“It has been an honor to serve as president of the Federal Reserve Bank of Cleveland and to participate on the Federal Open Market Committee during this extraordinary period in our country’s economic history,” Pianalto said in the statement.

Pianalto said she plans to continue with civic work in Cleveland after her retirement.

Fed Chairman Ben Bernanke said in the statement, “Sandy has been a remarkable colleague who has made invaluable contributions to the Federal Reserve Bank of Cleveland, the Federal Reserve System, and the country.”

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