Warren Statement on Appointment of John Williams as President of the New York Fed
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) released the below statement on John Williams being picked as the new head of the Federal Reserve Bank of New York:
"The Fed's Board of Governors and the New York Fed should go out of their way to solicit and consider public input when selecting a new president who will have so much influence over interest rates and Wall Street supervision - instead, they turned the process over to a handful of private individuals and ignored calls to choose one of many qualified alternatives who might have brought a new perspective," said Senator Warren. "If the Fed wants to regain some of its credibility around this decision, it should have Mr. Williams and the co-chairs of the New York Fed search committee promptly testify before Congress."
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