The Federal Reserve Bank of San Francisco has begun its search for a new president, it announced on May 16, emphasising its desire to have candidates from diverse backgrounds.
The incumbent, John Williams, will become New York Fed president on June 18.
The New York Fed’s process to select Williams in April was criticised by various groups for allegedly failing to take into consideration the gender and ethnic diversity of candidates.
The search committee created by the San Francisco Fed has ch
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