John Williams named president and CEO of New York Fed
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John Williams named president and CEO of New York Fed 09 April 2018New York Reporter: Jenna Lomax
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The Federal Reserve Bank of New York have appointed John Williams as president and CEO.
Williams will begin his new role in June, replacing current president, William Dudley.
Prior to becoming president, Williams was the executive vice president and director of research at the San Francisco Federal Reserve, which he joined in 2002.
Williams is currently the president and CEO of the Federal Reserve Bank of San Francisco, a role he has had since 2011, when he succeeded former Federal Reserve chair Janet Yellen.
He began his career in 1994 as an economist at the board of governors. He also served as a senior economist at the White House council of economic advisers.
Commenting on his new role, Williams said: “I am honored to have the opportunity to lead the Federal Reserve Bank of New York and to represent the diverse needs and economic challenges of all people living and working in the Federal Reserve’s second district and as a member of the Federal Open Market committee.”
He added: “I look forward to joining the talented team of New York Fed colleagues and to carrying out the unique responsibilities entrusted to us to protect the economic prosperity and financial stability of the US economy.”
Jerome Powell, chairman of the board of governors of the Federal Reserve System, said:
“I welcome John Williams to his new role as president of the Federal Reserve Bank of New York. Williams is a dedicated public servant, a distinguished thought-leader in monetary policymaking, and a proven executive and public communicator.”
He added: “I have valued his insight and wise counsel during my years at the Federal Reserve and look forward to continuing to work with him in the years ahead.”
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