• San Francisco Fed names Mary Daly as president


    The Federal Reserve of San Francisco on Friday named its head of research Mary Daly as its next president, succeeding John Williams, who departed in June to lead the New York Fed. Daly takes the helm in San Francisco on October 1. Daly's appointment was approved by the Fed's Board of Governors in Washington. This is the same position former Federal Reserve Chair Janet Yellen held from 2004 to 2010. "I am truly honored to have been given this opportunity," Daly said in a statement. " I believe very strongly in the Federal Reserve's mission and in the important role we play in helping to create strong, stable economic ... (full story)