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.

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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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