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:

Capitol Report: Commerce Department report backing 25% tariffs on auto imports could hit Sunday Capitol Report: Commerce Department report backing 25% tariffs on auto imports could hit Sunday
Cannabis Watch: Cannabis company Aphria finds some board members had conflicts in Latam deal Cannabis Watch: Cannabis company Aphria finds some board members had conflicts in Latam deal
XPO Logistics stock plunges, as cut back by largest customer, weak Europe trump big buybacks XPO Logistics stock plunges, as cut back by largest customer, weak Europe trump big buybacks
Beset by recalls and falling meat prices, America’s biggest meat producer wants to take a bite out of the vegetarian market Beset by recalls and falling meat prices, America’s biggest meat producer wants to take a bite out of the vegetarian market
BookWatch: Here’s why the craft cannabis industry can thrive in the face of Big Marijuana BookWatch: Here’s why the craft cannabis industry can thrive in the face of Big Marijuana
The polar vortex probably won’t increase your January heating bills — here’s why The polar vortex probably won’t increase your January heating bills — here’s why
How much ginger is there in America’s best-selling ginger ale? How much ginger is there in America’s best-selling ginger ale?
Love & Money: Does your future husband or wife have financial problems? Here’s how to find out Love & Money: Does your future husband or wife have financial problems? Here’s how to find out

Leave a Reply

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