The Cleveland Fed has appointed former Goldman Sachs partner Beth Hammack as its new president

The Federal Reserve Bank of Cleveland has named Beth Hammack, a former Goldman Sachs employee, as its next president, according to reports. Hammack has more than 30 years of experience in finance, capital markets and risk management. She will replace Meister, who steps down on June 30 after a decade in the role. She will vote on monetary policy decisions this year after taking office on August 21. Hammack, 52, joined Goldman in 1993 and has held various positions dealing with agency bonds, interest rates and repo transactions. < br > < img src = "https://flash-scdn.jin10.com/373eee42-3ba9-4d8f-a7e6-293126701be2.png" referrerpolicy = "no-referrer" >