Waters Statement on the Selection of John Williams as New York Fed President
Washington, DC, April 3, 2018
Tags: Federal Reserve
Following the announcement that John Williams will serve as the next president of the Federal Reserve Bank of New York, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement:
“John Williams is an accomplished economist with a long history in public service. His wealth of experience as a leading monetary policy expert will play a critical role in shaping the economic policy decisions that impact all American families. I believe that President Williams can and will do a great job and I will continue to keep the discussion about diversity a top priority.
Ranking Member Waters has been a leading advocate for increased diversity within the Federal Reserve System. In February, she sent a letter to Chairman Jerome Powell and Co-Chairs of the Federal Reserve Bank of New York’s Search Committee, calling for their commitment to a transparent and inclusive search process to identify candidates to replace Federal Reserve Bank of New York President William C. Dudley.