Reported 11 months ago
Since John Williams took over as president of the Federal Reserve Bank of New York in 2018, concerns have risen about a brain drain at the institution, with many experienced officials departing under his leadership. Some worry that the New York Fed is losing talent and 'street cred,' impacting its influence on Wall Street. Williams' lack of market experience compared to his predecessors is highlighted as a potential issue, with shifts in roles and responsibilities within the institution leading to unease among staff. The article also mentions key departures and potential successors at the New York Fed, signaling a shifting dynamic at the influential institution.
Source: YAHOO