The Federal Reserve Bank of New York announced the reappointment of John C. Williams as president and Sushmita Shukla as first vice president. Eligible members of the New York Fed’s board of directors voted unanimously, and the Board of Governors of the Federal Reserve System unanimously approved the decision, with new five-year terms beginning March 1, 2026. The reappointment process excluded Class A directors drawn from the banking sector and Class B directors affiliated with certain types of financial institutions. The eligible Class B and Class C directors were Adena Friedman, Arvind Krishna, Scott Rechler, deputy chair Dr. Rajiv Shah, chair Pat Wang, and Patricia White, who met multiple times to assess performance and conducted interviews with New York Fed, Federal Reserve System, and external stakeholders.
Federal Reserve Bank of New York 2025-12-12
Federal Reserve Bank of New York reappoints John C. Williams as president and Sushmita Shukla as first vice president for new five-year terms starting March 2026
The Federal Reserve Bank of New York has reappointed John C. Williams as president and Sushmita Shukla as first vice president, with new five-year terms starting March 1, 2026. The decision was unanimously approved by eligible members of the New York Fed’s board of directors and the Board of Governors of the Federal Reserve System. The reappointment process involved Class B and Class C directors, excluding Class A directors.