The Wall Street Journal: Mary Daly tapped as San Francisco Fed President to replace Williams

The Federal Reserve Bank of San Francisco said Friday that Mary Daly, its research director, will become its new president on Oct. 1.

She will succeed John Williams, who helmed the institution from 2011 until leaving earlier this year to become president of the New York Fed.

Daly, 55 years old, has worked at the San Francisco Fed since 1996, starting out as a staff economist before rising through the ranks, becoming research director in 2017. She has focused her work on labor-market issues, a timely interest as Fed policy makers struggle to understand why a strong job market hasn’t spurred better wage gains and higher rates of inflation.

She “is one of our nation’s leading authorities on labor market dynamics,” Alex Mehran, chairman of the San Francisco Fed board of directors, said in a statement announcing the selection. “Her research in this area reflects her deep commitment to understanding the impacts of monetary and fiscal policy on communities and businesses at a local, regional and national level.”

An expanded version of this report appears on WSJ.com

Popular on WSJ.com

Feinstein relays allegation about Kavanaugh to FBI.

Driverless hype collides with merciless reality.

Filed in: Top News Tags: 

You might like:

The Wall Street Journal: Bullard says White House contacted him about job on Fed board The Wall Street Journal: Bullard says White House contacted him about job on Fed board
Investors awaiting the G-20 meeting miss a key point: The damage from U.S.-China trade war may be done already Investors awaiting the G-20 meeting miss a key point: The damage from U.S.-China trade war may be done already
The Wall Street Journal: Huawei equipment is more vulnerable to hackers, experts say The Wall Street Journal: Huawei equipment is more vulnerable to hackers, experts say
‘The Office’ will leave Netflix in 2021 for NBCUniversal’s streaming service ‘The Office’ will leave Netflix in 2021 for NBCUniversal’s streaming service
Earnings Results: Micron stock surges on earnings beat, improved forecast for memory-chip market Earnings Results: Micron stock surges on earnings beat, improved forecast for memory-chip market
NewsWatch: Micron stock surges after hours as earnings top lowered expectations NewsWatch: Micron stock surges after hours as earnings top lowered expectations
Capitol Report: Justice Department alleges Rep. Duncan Hunter spent campaign money on affairs with lobbyists Capitol Report: Justice Department alleges Rep. Duncan Hunter spent campaign money on affairs with lobbyists
Market Extra: Trump boasts best June for stock market in years — but a half-dozen signs flash warnings Market Extra: Trump boasts best June for stock market in years — but a half-dozen signs flash warnings

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.