Federal Reserve

Williams picked as next president of New York Fed

John Williams, currently head of the Federal Reserve's regional bank in San Francisco, has been selected to be the next president of the Fed's New York regional bank, considered the most influential position among the central bank's 12 regional banks.

Business Highlights

___ Facebook's Zuckerberg admits mistakes, outlines fixes NEW YORK (AP) — Facebook CEO Mark Zuckerberg is admitting mistakes and outlining steps to protect user data in light of privacy scandal involving a Trump-connected data-mining firm.