John Williams

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Definition of 'John Williams'

John Williams is an American economist and the current President of the Federal Reserve Bank of New York. He has held this position since June 2018, and is also a member of the Federal Open Market Committee (FOMC), which sets monetary policy for the United States.

Williams has a Ph.D. in economics from Stanford University and has held various positions within the Federal Reserve System throughout his career. Prior to his appointment as President of the Federal Reserve Bank of New York, he served as the President of the Federal Reserve Bank of San Francisco, where he was also a voting member of the FOMC.

Williams is known for his expertise in monetary policy and his contributions to the development of new monetary policy tools, such as forward guidance and interest rate rules. He has also been a proponent of using data and research to guide monetary policy decisions and has emphasized the importance of transparency and communication in central banking.

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