John C. Williams (economist)

John Williams
11th President of the Federal Reserve Bank of New York
Incumbent
Assumed office
June 18, 2018
Vice PresidentMichael Strine
Naureen Hassan
Helen Mucciolo (Acting)
Preceded byWilliam C. Dudley
12th President of the Federal Reserve Bank of San Francisco
In office
March 1, 2011 – June 18, 2018
Preceded byJanet Yellen
Succeeded byMary C. Daly
Personal details
Born
John Carroll Williams

(1962-06-12) June 12, 1962 (age 62)
Sacramento, California, U.S.
EducationUniversity of California, Berkeley (BA)
London School of Economics (MSc)
Stanford University (PhD)

John Carroll Williams (born June 12, 1962)[1] is an American economist. He has been the president and CEO of the Federal Reserve Bank of New York since June 2018. He previously served as president and CEO of the Federal Reserve Bank of San Francisco from 2011 to 2018.[2][3] As president of the Federal Reserve Bank of New York, he is automatically also vice chairman of the Federal Open Market Committee.[4]

Early life and education

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Williams was born in 1962 in Sacramento, California.[1] His father was a state attorney.[5] Williams attended Encina High School in Sacramento County.[5]

He earned a B.A. from the University of California, Berkeley in 1984.[6]

He received a Master of Science in economics from the London School of Economics in 1989.[6]

He completed a Ph.D. in economics at Stanford University in 1994.[6]

Career

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Williams began his career in 1994 as an economist at the Board of Governors of the Federal Reserve System.[6]

In 2002 he joined the Federal Reserve Bank of San Francisco as a research advisor, and by 2009 had become its executive vice president and director of research.[6] He took office as president and CEO of the Federal Reserve Bank of San Francisco in 2011.[6]

Williams became president and CEO of the Federal Reserve Bank of New York on June 18, 2018.[7]

Williams' public speaking often focuses on the natural rate of interest (also called "R-star"), sustainable growth, and the "new normal" of economics.[1]

Other positions held

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From 2001 to 2005, Williams was associate editor of the Journal of Economic Dynamics and Control.[6] From 2005 to 2008, he was associate editor of the American Economic Review.[6] From 2011 to 2016, he was the managing editor of the International Journal of Central Banking.[8]

Additionally, from 1999 through 2000 he served as senior economist at the Council of Economic Advisers,[6] and in 2008 he was a lecturer at Stanford University Graduate School of Business.[6][9]

Personal life

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Williams is married to Audrey Lyndon,[1] professor of health equity and associate dean of faculty affairs at the Rory Meyers College of Nursing at New York University.[10] They have two sons and reside in New York City.[1]

References

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  1. ^ a b c d e "John C. Williams" (PDF). National Journal. Retrieved July 13, 2024.
  2. ^ "New York Fed Picks John Williams as Next CEO". Retrieved 2018-04-03.
  3. ^ Federal Reserve Bank of San Francisco. "John C. Williams Named to Lead the Federal Reserve Bank of New York". Retrieved July 17, 2018.
  4. ^ Casselman, Ben (April 3, 2018). "New York Fed Names John Williams President, Bucking Calls for Diversity". New York Times. Retrieved July 17, 2018.
  5. ^ a b Buck, Claudia. "Personal Finance: Sacramentan went from math nerd to Fed President". Encina High School Class of 1980 homepage. Encina High School. Retrieved July 13, 2024.
  6. ^ a b c d e f g h i j "Curriculum Vitae John C. Williams". NewYorkFed.org. November 2022. Retrieved July 13, 2024.
  7. ^ "John C. Williams Named President and CEO of New York Fed - FEDERAL RESERVE BANK of NEW YORK".
  8. ^ "Background". International Journal of Central Banking. Retrieved July 13, 2024.
  9. ^ "John C. Williams Named President of New York Fed". DSnews.com. 4 April 2018. Retrieved 24 March 2019.
  10. ^ "Audrey Lyndon | NYU Rory Meyers College of Nursing".
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Other offices
Preceded by President of the Federal Reserve Bank of San Francisco
2011–2018 		Succeeded by
Preceded by President of the Federal Reserve Bank of New York
2018–present 		Incumbent
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