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- Beth Hammack, a former Goldman Sachs executive, was just appointed Cleveland Fed president.
- Hammack succeeds Loretta Mester, known for her hawkish stance on inflation policies.
- She starts on August 21 and will vote in the September Fed meeting.
Longtime Goldman Sachs executive Beth Hammack, who left in February, is heading to the Federal Reserve Bank of Cleveland as its next president.
She will take office on August 21 and vote on monetary policy decisions starting in September, the bank said Wednesday. She'll lead 1,100 employees in her new position.