John Williams selected as New York Fed president

WASHINGTON, John Williams will become the next president of the Federal Reserve Bank of New York, one of the top positions at the US central bank, it announced Tuesday.

Williams managed the San Francisco Fed since 2011 and will succeed William Dudley who will retire in June.

“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 United States’ economy,” said Williams in a statement. (end) ak

Source: Kuwait News Agency