Mary Daly named as new San Francisco Fed President

San Francisco Fed promotes from within

Mary Daly will be the next President of the San Francisco Fed, taking over from John Williams who will lead up the New York Fed.

Daly has worked at the New York Fed since 1996 and is the current research director. She will take the job on Oct 1.

According to Bloomberg that her past speeches hint she could prefer a slow-going approach to rate hikes, which is typical of the San Francisco Fed.

ForexLiveShe focuses on labor economics and has a PhD from Syracuse University. She will immediately have a vote at the Nov and December meetings then won't vote again until 2021.