Cleveland Fed Names Beth Hammack As President; Hammack Previously Served As Co-Head Of Global Financing At Goldman Sachs; Will Become Cleveland Fed President On Aug. 21; Replaces Loretta Mester, Who Retires On June 30
Portfolio Pulse from Benzinga Newsdesk
Beth Hammack has been named the new President of the Cleveland Federal Reserve, effective August 21. Hammack previously served as Co-Head of Global Financing at Goldman Sachs. She will replace Loretta Mester, who is retiring on June 30.
May 29, 2024 | 2:32 pm
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Beth Hammack, previously Co-Head of Global Financing at Goldman Sachs, has been named the new President of the Cleveland Federal Reserve.
The appointment of Beth Hammack to the Cleveland Fed is notable but may not have a significant immediate impact on Goldman Sachs' stock price. However, her departure could lead to some internal restructuring.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Beth Hammack's appointment as President of the Cleveland Federal Reserve could influence broader market sentiment.
While the appointment of a new Federal Reserve President is significant, it is unlikely to have an immediate and direct impact on the SPY ETF. However, it could influence broader market sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50