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N.y. Fed Picks Williams As Next Chief After Controversial Search

by thestreet.com posted 9months ago 31 views
Click to view a price quote on WFC. Click to research the Banking industry. : The Federal Reserve Bank of New York on Tuesday named John C. Williams as its next president, turning to a Federal Reserve insider with monetary-policy expertise while disappointing some lawmakers and community leaders who had pushed for a woman or minority candidate to fill the role. Williams, a 55-year-old white man who currently heads the Federal Reserve Bank of San Francisco, will take over June 18, according to a statement. The New York Fed's current chief, Bill Dudley, will retire on June 17.

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