Sushmita Shukla, First Vice President of Federal Reserve Bank, New York: The Board of Directors of Federal Reserve Bank, New York has appointed Sushmita Shukla as their First Vice President and Chief Operating Officer, effective March 2023. The appointment has been approved by the Board of Governors of the Federal Reserve System.

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Sushmita will be the first Vice President and New York Fed’s second ranking officer. She will be the in-charge of establishing, communicating, and executing the strategic direction of the organisation along with the Bank’s President and Chief Executive Officer. She will also serve as an alternate voting member of the Federal Open Market Committee.

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Regarding her appointment, John C. Williams, President and Chief Executive Officer of the New York Fed, said, “She has an in-depth knowledge of technology and agile innovation methods and is passionate about creating a truly diverse and inclusive culture.”

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