John Heltman has covered the Federal Reserve and Treasury Department for American Banker since 2014. Prior to joining American Banker, he covered derivatives markets and the Commodity Futures Trading Commission for Argus Media, and prior to that covered the Environmental Protection Agency for Inside Washington Publishers. He is a 2005 graduate of St. Mary's College of Maryland.
The Atlanta Federal Reserve Bank was already under pressure to replace outgoing president Dennis Lockhart with a person of color preferably the first African-American to head a Fed bank. But the election of Donald Trump has compounded the importance of the pick.
The Federal Reserves structure and makeup and even geographical locations drew criticism from members of Congress and the public as favoring the wealthy and ignoring the conditions of ordinary Americans