Yale economics professor William D. Nordhaus has been selected as the new chairman of the Federal Reserve Bank of Boston for 2014. Boston construction magnate John F. Fish was chosen to become deputy chairman.
Nordhaus, who has served as deputy chairman, will succeed Kirk A. Sykes, president of the Urban Strategy American Fund. Fish, chief executive of Suffolk Construction Company, Inc. in Boston, replaces Nordhaus as deputy chairman.
The Board of Governors of the Federal Reserve in Washington appoints three of the nine board members of the Boston Fed, designating the chairman and vice chairman posts.