Williams succeeds Yellen at helm of SF Fed
John Williams was on Tuesday named the new president of the San Francisco Federal Reserve.
Williams has been executive vice-president and director of research since 2009. The recent research output of the Fed indicates that he is of a similarly dovish bent to Yellen, long seen as the most dovish member of the Federal Open Market Committee (FOMC). Papers published by the central bank in recent months have argued that the degree to which the unemployment rate can be blamed on structural factors is
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