Beth M. Hammack

Elizabeth Stacy Morgan Hammack (née Morgan; born 1971/1972) is the 12th president and CEO of the Federal Reserve Bank of Cleveland. Prior to that, Hammack worked at Goldman Sachs for three decades before resigning in 2024 as the co-head of global finance.

Early life Hammack was born in California to Howard L. Morgan, a venture capitalist, and a mother who worked as an interior designer. She grew up in Villanova, Pennsylvania and is the middle of three sisters. In 1989, she graduated from The Baldwin School located in Bryn Mawr, Pennsylvania. During her academic career, Hammack was part of a council of student presidents at Stanford that included John Louie, who played the Wing Kid in the 1984 film Gremlins and John Overdeck, co-founder and co-chairman of Two Sigma Investments. She interned twice at the Philadelphia Stock Exchange during her summer breaks. Hammack was accepted to Harvard Business School but decided not to attend. Throughout her time, she held roles as global treasurer, global head of short-term macro trading, and global head of repo trading. Hammack was former chair of the Treasury Borrowing Advisory Committee; and a former member of the Treasury Market Practices Group, the Financial Research Advisory Committee, and management committee.

Before her departure, Hammack served as the co-head of the Global Financing Group. 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.

Personal life Hammack married investment banker Peter Hammack in 2000. The couple has two sons and live in Cleveland.