John Williams assumes influential role at most powerful regional Fed bank

John Williams will assume his new role as head of the New York Fed on Monday, after being appointed to the powerful post in early April.

As he takes over the second most influential position within the U.S. central banking system, Williams will be awarded a permanent seat – and vote – on the Federal Open Market Committee (FOMC). He has served as president at the San Francisco branch since 2011, where he succeeded former Federal Reserve chair Janet Yellen.

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