Mary Daly was named the San Francisco Fed's president, succeeding John Williams, who departed in June to lead the New York Fed.
Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.
San Francisco Fed President John Williams says he's comfortable with inflation going modestly above 2 percent for a while.
San Francisco Fed President Williams is leading candidate to become next President of the New York Fed, sources said.
The Federal Reserve will stick to its plan for "steady, gradual" interest-rate increases, a Fed policymaker said.
San Francisco Fed President John Williams said the economy is growing strongly enough to continue raising rates gradually to around 2.5 percent.
Chicago Fed President Charles Evans became the second Fed policymaker in recent days to call for a new approach to rate-setting.
Gold bounced up from a two-month low on Friday as the dollar fell from its highest in more than seven weeks.
Market watchers expect as many as 125,000 jobs may have been wiped from the September nonfarm payroll due to Hurricanes Harvey and Irma.
U.S. government debt yields were slightly higher after the House of Representatives approved a budget, the first step toward tax reform.