Federal Reserve Bank of San Francisco President John Williams is the leading candidate to replace William Dudley as head of the New York Fed, the Wall Street Journal reported. The Wall Street Journal sourced its report on Saturday to people familiar with the matter and gave no further details. A spokesman for the New York Fed declined to comment, as did a spokesman for the Fed Board in Washington. Generally considered a moderate on monetary policy, Williams has indicated support for three or four rate hikes this year. Williams has a good working relationship with Fed Chairman Jerome Powell, whom President Donald Trump nominated to replace Yellen.

Source: Wall Street Journal March 24, 2018 17:15 UTC