Goldman Sachs' Beth Hammack Named Cleveland Fed President

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Source: CNBC
Goldman Sachs' Beth Hammack Named Cleveland Fed President
Photo: CNBC
TL;DR Summary

Beth M. Hammack, a Goldman Sachs executive, will succeed Loretta Mester as the president of the Cleveland Federal Reserve, officially taking office on August 21. Hammack, who has extensive experience in financial markets and monetary policy, will play a crucial role in the Federal Open Market Committee's rate-setting decisions.

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