Waters Statement on the Selection of John Williams as New York Fed President
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.