New York Fed picks John Williams as its new president

Reuters/Stephen Lam

• Current San Francisco Fed President John Williams will take over the same role at the New York Fed, effective June 18.
• In the past, Williams has conveyed a moderate stance on monetary policy and supported the central bank’s guidance of three or four rate hikes in 2018.

The Federal Reserve Bank of New York announced Tuesday that it has selected current San Francisco Fed head John Williams as its next president. He will replace outgoing president William Dudley starting June 18. 

Williams, 55, has spent most of his career at the Fed, and is considered to have moderate views on monetary policy. In recent comments, he supported the three or four rate hikes currently being signaled by the Federal Reserve for 2018.

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