New York Fed appoints John Williams as next president

The Federal Reserve Bank of New York today announced that John C. Williams will be appointed as the president and chief executive officer and will begin on June 18, 2018 - replacing the current president William C. Dudley who's last day will be June 17. 

About the New York Fed

"The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though it serves a geographically small area compared with those of other Federal Reserve Banks, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. The New York Fed has several unique responsibilities as part of the Federal Reserve System, including conducting open market operations to execute monetary policy on behalf of the FOMC, acting as the fiscal agent of the U.S. Treasury, operating Fedwire, and providing banking and clearing services to  foreign central banks, governments and international agencies." - www.newyorkfed.org