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:

Tilray stock slammed as cannabis sector finishes turbulent week Tilray stock slammed as cannabis sector finishes turbulent week
Key Words: Anthony Bourdain in trailer for show’s final season: ‘I pinch myself’ Key Words: Anthony Bourdain in trailer for show’s final season: ‘I pinch myself’
Walmart letter warns tariffs will raise prices and tax American businesses Walmart letter warns tariffs will raise prices and tax American businesses
NewsWatch: Dow, S&P 500 records belie festering fear that China and the U.S. ‘are on a collision course’ NewsWatch: Dow, S&P 500 records belie festering fear that China and the U.S. ‘are on a collision course’
Outside the Box: It’s time for companies to end the obsession with millennials and hire older workers with skills and expertise Outside the Box: It’s time for companies to end the obsession with millennials and hire older workers with skills and expertise
The Ratings Game: iPhone lines were shorter this year, though that might not mean much for Apple The Ratings Game: iPhone lines were shorter this year, though that might not mean much for Apple
The Wall Street Journal: U.K.’s May says Brexit talks have reached ‘an impasse’ The Wall Street Journal: U.K.’s May says Brexit talks have reached ‘an impasse’
Top Ten: Weekend roundup: Marijuana becomes bitcoin | How investing fads work | Short squeeze candidates Top Ten: Weekend roundup: Marijuana becomes bitcoin | How investing fads work | Short squeeze candidates

Leave a Reply

Submit Comment
© 8848 Stock Investors News. All rights reserved. XHTML / CSS Valid.