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Fed’s John Williams Goes to New York Heavy on Economics, Light on Markets

  • He will make up part of Chairman Powell’s powerful policy trio
  • Now-San Francisco Fed president is holistically nonconformist
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Center for Economic Policy Research’s Dean Baker discusses John Williams’ selection as the next New York Fed head.Source: Bloomberg)
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John Williams would have preferred one of his 20 pairs of tennis shoes. The U.S. central banker has a set for every occasion.

But a recent Friday found the incoming Federal Reserve Bank of New York president in dress loafers, speaking to bankers and entrepreneurs at the City Club in Los Angeles. Currently San Francisco Fed chief, he delivered a rare blend of economics dissertation and stand-up comedy.