John C. Williams (economist)
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John C. Williams Economist
John Williams
John C. Williams (cropped).jpg
11th President of the Federal Reserve Bank of New York

June 18, 2018
Bill Dudley
12th President of the Federal Reserve Bank of San Francisco

March 1, 2011 - June 18, 2018
Janet Yellen
Mark Gould (Acting)
Personal details
Born
John Carroll Williams

(1962-06-12) June 12, 1962 (age 56)
EducationUniversity of California, Berkeley (BA)
London School of Economics (MSc)
Stanford University (PhD)

John Carroll Williams (born June 12, 1962) is the President and Chief Executive Officer of the Federal Reserve Bank of New York, having also served as President of Federal Reserve Bank of San Francisco from 2011-2018.[1][2] He serves as Vice Chairman of the Federal Open Market Committee.[3]

Education

Williams earned an A.B. with high distinction from the University of California at Berkeley in 1984; a Master's of Science with distinction in economics from the London School of Economics in 1989, and completed a Ph.D. in Economics at Stanford University in 1994[4]. His research focuses are monetary policy under uncertainty; innovation; productivity, and business cycles.

Career

He began his career in 1994 as an economist at the Board of Governors of the Federal Reserve System. He joined the Federal Reserve Bank of San Francisco in 2002. Prior to becoming the president, he was the executive vice president and director of research for the San Francisco bank. He took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on March 1, 2011.

By 2017, Williams was well respected. "Williams is already a bit of a rock star at the Fed, having replaced [former Fed Chair] Yellen as the head of the San Francisco Fed," according to several leading economists.[5]

On April 3, 2018, it was announced that Williams has been named President and CEO of the New York Fed, beginning on June 18, 2018. This is a step up in his career: the New York bank is unique within the Federal Reserve system, in that it conducts the open market operations on behalf of the Federal Open Market Committee, acts as the agent of the U.S. Treasury, and handles "banking and clearing services to foreign central banks, governments and international agencies."[6]

Other

Williams currently serves as the managing editor of the International Journal of Central Banking. Previously, he served as associate editor of The American Economic Review. Additionally, he served as senior economist at the White House Council of Economic Advisers and as a lecturer at Stanford University's Graduate School of Business.

In recent years, Williams has often spoken of how he sees the "natural rate of interest" as a key long-term concept when discussing monetary policy. He has, lightheartedly, spoken of how he has "a passion" for the topic.

Personal life

Williams is a native of Sacramento, California. He is married to Audrey Lyndon, Associate Professor & Chair, Department of Family Health Care Nursing at UCSF[7]. They have two sons, and reside in the San Francisco Bay Area. He enjoys listening to The Clash, Led Zeppelin and Elvis Costello[8].

References

  1. ^ "New York Fed Picks John Williams as Next CEO". Retrieved .
  2. ^ Federal Reserve Bank of San Fransisco. "John C. Williams Named to Lead the Federal Reserve Bank of New York". Retrieved 2018.
  3. ^ Casselman, Ben (April 3, 2018). "New York Fed Names John Williams President, Bucking Calls for Diversity". New York Times. Retrieved 2018.
  4. ^ "Office of the President". Federal Reserve Bank of San Francisco. Retrieved .
  5. ^ Robb, Greg. "There will be competition at the Fed to be in Jerome Powell's ear". MarketWatch. Dow Jones News. Retrieved 2018.
  6. ^ https://www.newyorkfed.org/newsevents/news/aboutthefed/2018/oa180403
  7. ^ https://www.researchgate.net/profile/Audrey_Lyndon
  8. ^ https://www.wsj.com/articles/who-knew-the-san-francisco-fed-chief-has-punk-rock-tastes-1459886567

External links

Civic offices
Preceded by
Janet Yellen
President of the Federal Reserve Bank of San Francisco
2011-2018
Succeeded by
Mark Gould
Acting
Preceded by
Bill Dudley
President of the Federal Reserve Bank of New York
2018-present
Incumbent

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

John_C._Williams_(economist)
 



 

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