News of Mr. Williams’s likely selection was first reported by The Wall Street Journal. Mr. Williams and Mr. Dudley have similar résumés in some respects: Both have doctorates in economics and held advisory roles in the Federal Reserve system before rising to their current positions. Mr. Dudley, however, also spent time on Wall Street as chief economist for Goldman Sachs. Mr. Williams, by contrast, has spent nearly his entire career at the Fed and has never worked in the finance industry. Nonetheless, progressive groups were sharply critical of Mr. Williams’s reported candidacy.

Source: New York Times March 25, 2018 01:52 UTC