New NY Fed President as Williams moves from President of the San Francisco Fed
He takes over from the retiring William Dudley. The NY Fed Pres. has a permanent position on the FOMC board and is responsible for enacting monetary policy changes.
The SF Fed presidency will be taken by the bank’s current first vice president, Mark Gould, but Gould will not take over the vote that Williams’s had this year. That vote will go to the alternate President Esther George who is the Pres of the Kansas City Fed.