Reported 4 months ago
Beth Hammack, a former partner at Goldman Sachs, will succeed Loretta Mester as president and CEO of the Federal Reserve Bank of Cleveland. Hammack, who worked at Goldman for 30 years, will begin her tenure on August 21, with Mester's last day being June 30. Mark Meder, the First Vice President of the Cleveland Fed, will serve as interim president until Hammack takes over. Hammack will become a voting member of the Federal Open Market Committee upon assuming office, replacing Mester as head of the bank.
Source: YAHOO