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(Bloomberg) -- The Federal Reserve Bank of Cleveland appointed Beth Hammack, a Goldman Sachs Group Inc. veteran, as its next president. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersConocoPhillips to Acquire Marathon Oil in $17 Billion DealHammack, who was most recently co-h

The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21

Dow Drops 300 Points; Treasury Yields Climb Higher All three major U.S. markets were in the red, with the Dow declining 1%. Goldman Sachs executive Beth Hammack named next president of...

Beth Hammack named as next Cleveland Fed President

Beth Hammack, who stepped down as the bank's co-head of global finance earlier this year, will take the helm as President of the Federal Reserve Bank of Cleveland later this summer following the retirement of longtime President Loretta Mester.