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On May 29, 2024, it was announced that Hammack was appointed as the next president and chief executive officer of the Cleveland Fed. [12] [13] Hammack's term began on August 21, and in this role, she will represent the Fourth Federal Reserve District on the Federal Open Market Committee in the formulation of US monetary policy.
Mester became the president and CEO of the Federal Reserve Bank of Cleveland on June 1, 2014. She was the 11th president and CEO of Cleveland's Fourth District Federal Reserve Bank. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and a fellow at the Wharton Financial Institutions Center.
The Federal Reserve Bank of Cleveland is the Cleveland-based headquarters of the U.S. Federal Reserve System's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh.
Mester, who has been president of the Cleveland Fed since 2014, has typically had so-called “hawkish” views, or pronounced concerns about inflation. She recently said monetary policy is ...
WASHINGTON (AP) — 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.
Beth M. Hammack will assume the role of president and chief executive officer of the Federal Reserve Bank of Cleveland. With over thirty years of experience in finance and risk management, Hammack ...
Mester assumed her role as president and CEO of the Cleveland Fed in June 2014. Fed rules require regional bank presidents to serve a 10-year term if they were appointed after turning 55, a ...
Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024.. A month-over-month jump in the Fed’s ...