Daly, who has been serving as the Bank’s Executive Vice President and Director of Research since 2017, succeeds John C. Williams, who left to become President and CEO of the Federal Reserve Bank of New York in June. She is the second woman to hold the leadership position at the San Francisco Fed, following in the footsteps of Janet Yellen who was the helm from 2004 to 2010 and later became the first woman to chair the Federal Reserve System.
“I am truly honored to have been given this opportunity to serve as president and chief executive officer of the Federal Reserve Bank of San Francisco,” said Daly. “I believe very strongly in the Federal Reserve’s mission and in the important role we play in helping to create strong, stable economic conditions in all corners of the country that allow individuals and businesses to prosper. I look forward to deepening my relationships with business and community leaders all over the District to broaden my understanding of the varied economic conditions impacting everyone in our nine-state region.”