The Federal Reserve system is set to elevate San Francisco Fed President John Williams to the presidency of the New York Fed, one of the central bank’s most important positions, just as it faces a potential turning point for setting interest-rate policy. The New York Fed’s board of directors has recommended Mr. Williams for the job, according to people familiar with the matter, to succeed the retiring William Dudley. Mr. Williams would need approval by the Fed’s Washington-based board of governors; a final decision could be...

Source: Wall Street Journal March 25, 2018 21:45 UTC