The search process for a new president of the New York Fed was seriously shady

• John Williams was named president of the New York Fed above the objections of critics and community organizations who wanted a woman or person of color to represent the powerful regional central bank.
• Several highly-qualified women were passed up for the job in an opaque search process with little public input. 

• "I think Williams is a disastrous appointment," David Blanchflower, a former central bank official at the Bank of England and currently a professor at Dartmouth College, told Business Insider.

On paper, it’s hard to argue John Williams is not adequately qualified to lead the Federal Reserve Bank of New York.See the rest of the story at Business Insider

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