John Carroll Williams (born June 12, 1962) is the president and chief executive officer of the Federal Reserve Bank of New York, having also served as president of

Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco (informally referred to as the San Francisco Fed) is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, ...

from 2011 to 2018. He is currently serving as vice chairman of the

Federal Open Market Committee The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treas ...

Education

Williams earned an A.B. with high distinction from the

University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant uni ...

in 1984; a Master of Science with distinction in economics from the

London School of Economics The London School of Economics and Political Science (LSE) is a public university, public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidn ...

in 1989, and completed a

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

in economics at Stanford University in 1994.

Career

Williams began his career in 1994 as an economist at the

Board of Governors of the Federal Reserve System The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the mo ...

. He joined the Federal Reserve Bank of San Francisco in 2002. Prior to becoming the president, he was the executive vice president and director of research for the San Francisco bank. He took office as president and chief executive officer of the Federal Reserve Bank of San Francisco on March 1, 2011. On April 3, 2018, it was announced that Williams had been named president and CEO of the New York Fed, beginning June 18, 2018. Since taking up this job, Williams has given numerous speeches about both domestic and international economic issues. One subject that he has often referred to is that of the long-term equilibrium rate of interest, frequently referred to as the '

natural rate of interest The neutral rate of interest, previously called the natural rate of interest, is the real (net of inflation) interest rate that supports the economy at full employment/maximum output while keeping inflation constant. It cannot be observed direct ...

'. He has even lightheartedly said that h
"has a passion for r-star"

Other

Williams currently serves as the managing editor of the

International Journal of Central Banking The International Journal of Central Banking (IJCB) is an economic research journal that began publication in 2005 after the decision of several Central Banks to create a professional journal for policymakers and researchers in the field of monet ...

. Previously, he served as associate editor of

The American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of eco ...

. Additionally, he served as senior economist at the White House Council of Economic Advisers and as a lecturer at Stanford University's Graduate School of Business.

Personal life

Williams is a native of Sacramento, California. He is married to Audrey Lyndon, professor of nursing and medicine and assistant dean for clinical research at the Rory Meyers College of Nursing, New York University. They have two sons and reside in New York City.

References

External links

Biography at FederalReserve.org

Speeches by John C. Williams at Federal Reserve Bank of San Francisco
, - {{DEFAULTSORT:Williams, John C. 1962 births Living people Alumni of the London School of Economics Federal Reserve Bank of New York presidents Federal Reserve Bank of San Francisco presidents Federal Reserve economists People from the San Francisco Bay Area Stanford University Graduate School of Business faculty Stanford University School of Humanities and Sciences alumni University of California, Berkeley alumni