New York Fed Names John Williams President, Bucking Calls for Diversity

New York Fed Names John Williams President, Bucking Calls for Diversity Photo John C. Williams, president of the Federal Reserve Bank of San Francisco, has been chosen to lead the New York Fed. He will bring academic expertise, which is in short supply among the Fed’s senior leaders. Credit Andrew Mangum for The New York Times The Federal Reserve Bank of New York on Tuesday named John C. Williams as its next president, choosing a longtime insider for what is widely regarded as one of the Fed’s most influential positions.
Mr. Williams, the 55-year-old president of the San Francisco Fed, is a respected economist who will bring academic expertise that is in short supply among the Fed’s senior leaders. But unions, progressive groups and Democratic lawmakers had pushed the Fed to diversify its senior leadership beyond Fed veterans and white males, and the selection drew immediate criticism.
Mr. Williams will succeed William C. Dudley, who announced last fall that he planned to step down thi..

Wrong Flag Flying: Wall Street Greets Spotify With Swiss Banner

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Wrong Flag Flying: Wall Street Greets Spotify With Swiss Banner

Wall Street was prepared for Spotify’s listing on the New York Stock Exchange this morning.
Analysts were ready with their reports. The tech media was closely watching Spotify’s unusual direct listing. Gene Simmons of Kiss appeared on CNBC, representing the skeptical artist position on the streaming economy.
The exchange itself, however, didn’t have things quite right. In a botched attempt at hospitality, the Big Board marked the occasion by flying the red and white flag of Switzerland outside its building at 11 Wall Street — but Spotify has its headquarters in Stockholm, Sweden.
The error was quickly corrected, with a blue and yellow Swedish flag taking the place of the Swiss banner. But by then it was too late — Scandinavian Twitter had captured the mix-up.

Extremt mycket lol på Wall Street när NYSE hissar en schweizisk flagga. $SPOT #sthlmtech pic.twitter.com/snA6P1i7OX

Sven Carlsson (..