San Francisco's Williams Is on the New York Fed’s Shortlist, Source Says
- He’s seen as a policy moderate and an ally of Chairman Powell
- Search committee this month was vetting a ‘handful’ of people
Fed Faces Backlash Over Lack of Diversity
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Federal Reserve Bank of San Francisco President John Williams is a front-runner to replace William Dudley as head of the New York Fed, said a source speaking on the condition of anonymity.
Williams, 55, has led the Fed’s 12th district bank since 2011, when he took the reins from Janet Yellen, who ultimately went on to become Fed chair before stepping down Feb. 3 after four years at the helm. He’s a career Fed policy maker and economist, though he’s also lectured at Stanford University and served as a senior economist on President Bill Clinton’s Council of Economic Advisers.