Here's your summary from A Look At Who The New Cleveland Fed President (https://www.youtube.com/watch?v=sxiQ9aWw_aQ) on the Bloomberg Television channel:
**TLDR:** Beth Hammock, the new Cleveland Fed President, brings a deep Wall Street background to the job, facing potential pushback due to her financial services background.
1. Beth Hammock, former co-head of global financing at Goldman Sachs, will be the new Cleveland Fed President, bringing a strong understanding of Wall Street to the role.
2. The Cleveland Fed has been a leader in diversity among the 12 Fed banks, with Hammock being the fourth woman to head a Fed Bank.
3. There may be pushback from some groups, including Senator Elizabeth Warren, due to the trend of hiring individuals with Wall Street backgrounds for Federal Reserve positions.
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