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Federal Reserve's inflation policy strategy under Beth Hammack by end of 2024
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Beth Hammack•Hammack•Goldman Sachs•Global Financing•Loretta Mester•Stanford•Treasury Borrowing Advisory Committee•TBAC•Cleveland Fed•Fed
Resolution / Starting Odds
Tighter inflation control • 33%
Looser inflation control • 33%
Unchanged inflation policy • 34%
Federal Reserve statements and policy documents
Story
Goldman Sachs Veteran Beth Hammack Appointed President of Cleveland Fed, Succeeding Mester on August 21
May 29, 2024, 02:42 PM
The Federal Reserve Bank of Cleveland has appointed Beth Hammack as its next president. Hammack, a 52-year-old veteran of Goldman Sachs where she served as co-head of Global Financing and treasurer, will succeed Loretta Mester, who is set to retire on June 30. Hammack, who is also a Stanford alumna, will officially assume her new role on August 21, 2024. Her extensive experience in financial markets, including her tenure as chair of the Treasury Borrowing Advisory Committee (TBAC), is expected to bring valuable insights to the Cleveland Fed. Hammack's appointment marks a significant leadership change for the regional Fed bank, and she will participate in the July meeting.
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Tighter control • 33%
Maintain current approach • 33%
Looser control • 33%
Inflation control • 33%
Employment maximization • 33%
Interest rate adjustments • 33%
Further rate adjustments • 25%
Adjustment of balance sheet policies • 25%
Introduction of new regulatory measures • 25%
No major policy changes • 25%
Increase Interest Rates • 33%
Decrease Interest Rates • 33%
Maintain Current Rates • 34%
Increase rates • 33%
Decrease rates • 34%
No change • 33%
Increase rates • 33%
Decrease rates • 33%
Maintain current rates • 34%
Increase in interest rates • 25%
Decrease in interest rates • 25%
No change in interest rates • 25%
Introduction of new monetary policy • 25%
2.4% or less • 33%
2.5% - 2.6% • 34%
Above 2.6% • 33%
Cut rates by 25 bps • 25%
Cut rates by 50 bps • 25%
No change • 25%
Increase rates • 25%
Rate Cut • 33%
Rate Hold • 34%
Rate Increase • 33%