San Francisco Federal Reserve Names Mary Daly as President - NBC4 Washington
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San Francisco Federal Reserve Names Mary Daly as President

When Mary Daly begins Oct. 1, she will be among three women who lead one of the 12 Fed regional banks

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    San Francisco Federal Reserve Names Mary Daly as President
    Bloomberg via Getty Images, File
    Mary Daly, senior vice president at the Federal Reserve Bank of San Francisco, sits for a photograph at her office in San Francisco, on Monday, June 15, 2015.

    The Federal Reserve Bank of San Francisco has appointed Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional Fed bank.

    Daly replaces John Williams, who became president of the New York Federal Reserve Bank in April. When she begins Oct. 1, she will be among three women who lead one of the 12 Fed regional banks. The Fed has sought to diversify its leadership.

    Daly, who joined the San Francisco Fed in 1996 as a research economist, was appointed director of research in 2017. She has studied wages and jobs and economic inequality and has written several books.

    As San Francisco Fed President, Daly will receive a vote on interest rate policy at the December meeting of the Fed's policymaking committee.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)