1. New York Fed, a Wall Street Watchdog, Picks John Williams as New President

    New York Fed, a Wall Street Watchdog, Picks John Williams as New President

    John Williams just became one of the most powerful people in the United States who is neither elected nor confirmed by Congress. Williams on Tuesday was named president of the New York Federal Reserve Bank, which acts as a watchdog for Wall Street and oversees the infrastructure of financial markets...

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    1. John has always been willing to speak his mind and encourage the Fed to be forward looking and reflective.
    2. Mr. Williams' track record raises several questions, including about his fitness to supervise Wall Street banks given the San Francisco Fed's inadequate supervision of Wells Fargo during its many consumer scandals.
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