Fed Weighs Whether Williams Leaves New York Fed in 2027 or 2028

Cointime reports: The Federal Reserve is discussing the tenure of New York Fed President John Williams, who holds a permanent FOMC vote and is widely described as the central bank’s third-ranking official. Retirement rules have prompted officials to study whether Williams should step down in 2027 or 2028. The central question is whether his earlier service as San Francisco Fed president should count toward a minimum ten-year term at the New York Fed.