Apr 3, 2018

New York Fed taps new president, triggers diversity concerns

John C. Williams, incoming president and CEO of the Federal Reserve Bank of New York. Photo: Rob Kim / Getty Images

The Federal Reserve Bank of New York on Tuesday named John C. Williams as its next president and CEO. Williams is a Wall Street insider who has been serving as the head of the Federal Reserve Bank of San Francisco since 2011. The selection of Williams comes amid calls from Democrats and progressive groups who want more gender and racial diversity in the Fed’s top leadership.

What they're saying: Ohio Senator Sherrod Brown called Williams "a distinguished and respected economist," but argue that Federal Reserve System officials failed to show that "diversity is important." On the other hand, Sara Horowitz, chair of the New York Fed’s Board of Directors and co-chair of the search committee, said "a thorough process" was done and concluded that Williams "best fulfilled the criteria we’d identified as well as the feedback we’d received through our public outreach efforts.”

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The technology of witnessing brutality

Charging Alabama state troopers pass by fallen demonstrators in Selma on March 7, 1965. Photo: Bettmann/Getty Images

The ways Americans capture and share records of racist violence and police misconduct keep changing, but the pain of the underlying injustices they chronicle remains a stubborn constant.

Driving the news: After George Floyd's death at the hands of Minneapolis police sparked wide protests, Minnesota Gov. Tim Walz said, “Thank God a young person had a camera to video it."

42 mins ago - Health

Lessons from the lockdown — and what comes next

Illustration: Eniola Odetunde/Axios

We are nowhere near finished with the coronavirus, but the next phases of our response will — if we do it right — be more targeted and risk-based than the sweeping national lockdown we’re now emerging from.

Why it matters: Our experience battling this new virus has taught us a lot about what does and doesn’t work. We’ll have to apply those lessons rigorously, and keep adapting, if we have any hope of containing the virus and limiting the number of deaths from here on out.

Updated 1 hour ago - Politics & Policy

George Floyd protests: Unrest continues for 6th night across U.S.

A protest near the White House on Sunday night. Photo: Alex Wong/Getty Images

Most external lights at the White House were turned off late Sunday as the D.C. National Guard was deployed and authorities fired tear gas at hundreds of protesters nearby, per the New York Times.

What's happening: It's one of several tense, late-night standoffs between law enforcement and demonstrators in the United States over the death of George Floyd and other police-related killings of black people.