Five Things to Know About the New York Fed's Incoming President
- Williams is a monetary-policy centrist pushing for a rethink
- San Francisco Fed chief has produced key central bank research
John Williams Named President of New York Fed
John Williams was named Tuesday as the next president of the Federal Reserve Bank of New York, succeeding William Dudley. He brings with him monetary-policy chops, a long history at the central bank and some notable quirks.
Over the years, his public speeches have yielded a few key insights about the 55-year-old economist, who is taking over one of the most important roles in the global financial system. The job carries a permanent vote on interest-rate decisions and traditionally the vice chairmanship of the Federal Open Market Committee; a direct line to Wall Street’s biggest banks and brokers; and a front-row seat among international bank regulators. Williams, who currently leads the Fed’s San Francisco bank, starts in New York on June 18.