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Significant Policy Change under Beth Hammack in Year One?
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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
Yes • 50%
No • 50%
Federal Reserve Bank of Cleveland official announcements or major financial news outlets
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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