Loading...
Market
Interest Rate Direction under Beth Hammack in Year One
3
Beth Hammack•Hammack•Goldman Sachs•Global Financing•Loretta Mester•Stanford•Treasury Borrowing Advisory Committee•TBAC•Cleveland Fed•Fed
Resolution / Starting Odds
Increase • 33%
Decrease • 33%
No Change • 34%
Federal Reserve Bank of Cleveland press releases and financial news coverage
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.
View original story
Similar markets
Increase Interest Rates • 33%
Decrease Interest Rates • 33%
Maintain Current Rates • 34%
Increase rates • 33%
Decrease rates • 33%
Maintain current rates • 34%
No change • 33%
Rate cut • 33%
Rate hike • 33%
Rate Cut • 33%
Rate Hike • 33%
No Change • 34%
Increase rates • 33%
Decrease rates • 34%
No change • 33%
Cut rates • 33%
Keep rates unchanged • 33%
Raise rates • 33%
Increase Fed Funds Rate • 33%
Decrease Fed Funds Rate • 33%
No Change in Fed Funds Rate • 33%
Increase in interest rates • 25%
Decrease in interest rates • 25%
No change in interest rates • 25%
Introduction of new monetary policy • 25%
Cut rates by 25 bps • 25%
Cut rates by 50 bps • 25%
No change • 25%
Increase rates • 25%
Positive reaction • 33%
Neutral reaction • 33%
Negative reaction • 33%
Increase significantly • 25%
Increase slightly • 25%
Remain stable • 25%
Decrease • 25%