|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

San Francisco Fed Appoints Its First Openly Gay President

SAN FRANCISCO – The United States’ Federal Reserve Bank announced on Friday the appointment of Mary Daly as the president of the San Francisco Fed, making her the first openly gay regional president of the 100-year-old institution.

The Federal Reserve Bank of San Francisco, with jurisdiction over almost the entire western US, said in a statement that Daly was the “ideal choice” for the position and will begin her term on Oct. 1.

Daly’s appointment was proposed by eligible members of the Bank’s Board of Directors with the approval of the Board of Governors of the Federal Reserve System, the central bank of the US.

Daly, an economist specializing in labor market dynamics, began working for the San Francisco Fed in 1996 as a researcher and went on to become director of research.

Her latest studies focus on finding the causes of wage stagnation in the US despite low levels of unemployment.

The president’s post had been vacant since April, when John Williams stepped down to take over as president of the Federal Reserve Bank of New York.

The Federal Reserve is a decentralized system with 12 regional banks, whose mission is to implement monetary policy decisions taken by the Federal Open Market Committee.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved