Cleveland Fed’s Pianalto to Retire Early in 2014, Bank Says

Federal Reserve Bank of Cleveland President Sandra Pianalto will retire from the district bank early next year, according to an e-mailed statement.

Pianalto, 59, is the longest serving of the Fed’s 12 regional presidents, having become leader of her district bank in 2003. During her 10-year tenure at the Fed, Pianalto was a reliable supporter of Fed Chairman Ben S. Bernanke, never dissenting from a decision of the Federal Open Market Committee.