Not the “Star Wars” composer

27 March 2018 By Richard Beales Follow @richardbeales1

John Williams, who heads the U.S. central bank’s San Francisco operation, may be close to the top Liberty Street job. Wells sinned on his watch, as Senator Elizabeth Warren has noted, but other watchdogs deserve blame. For anyone looking, there are better arguments against him.

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U.S. Senator Elizabeth Warren said John Williams, the president of the Federal Reserve Bank of San Francisco, should testify before the Senate Banking Committee before being approved as the next president of the Federal Reserve Bank of New York, the Wall Street Journal reported on March 26.

Williams is the front-runner for the position, according to an earlier Journal report. The paper said the New York Fed’s board of directors had recommended Williams for the job, seen by many as the second-most influential at the U.S. central bank because it manages the Fed’s market operations.

Warren questioned Williams’ fitness for the New York Fed job in the wake of sales scandals at San Francisco-based Wells Fargo, a lender regulated by the Fed and other agencies.

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