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San Francisco Federal Reserve names Mary Daly as president

SFGate Saturday, 15 September 2018
WASHINGTON — The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in April. When she begins Oct. 1, Daly will be among three women who lead one of the 12 Fed regional banks. The Fed, under pressure from activist groups, has made efforts to diversify its leadership. Daly, 55, who joined the San Francisco Fed in 1996 as a research economist, was appointed director of research in 2017. She has studied wages and jobs and economic inequality and has written several books.
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News video: San Francisco Fed Names Mary Daly as President

▶ San Francisco Fed Names Mary Daly as President 05:31

Sep.14 -- The Federal Reserve Bank of San Francisco picked long-time insider Mary Daly to be its next president, potentially bolstering the central bank’s dovish wing while diversifying the institution’s top ranks. Bloomberg's Mike McKee reports on "Bloomberg Markets: The Close.

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