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The Independent UK

National

Christopher Rugaber

Cleveland Fed names former Goldman Sachs executive Beth Hammack to succeed Mester as president

Beth Hammack US Federal Reserve Goldman Sachs Cleveland Loretta Mester the Federal Reserve Jerome Powell Inflation

Copyright 2018 The Associated Press. All rights reserved.

The Cleveland branch of the Federal Reserve said Wednesday that Beth Hammack, a former executive at investment bank Goldman Sachs, would be its next president effective Aug. 21.

Hammack, 52, worked at Goldman Sachs from 1993 until stepping down earlier this year. She was most recently the cohead of global finance, and has also served as global treasurer and held senior trading roles. Hammack was named a partner in 2010.

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