The Federal Reserve Bank of Philadelphia has announced the appointment of Bill Wafford to its Economic and Community Advisory Council (ECAC). Wafford, who is currently the chief administrative officer and chief financial officer at QVC Group, brings over 25 years of experience in corporate finance and management consulting. His career includes executive roles in retail, consumer goods, and digital commerce sectors.

Wafford joined QVC in 2023 as the chief financial officer and was later appointed as the chief administrative officer in 2024. In his current position, he manages the global financial activities of the company. He holds an M.B.A. from the Kelley School of Business at Indiana University and a bachelor's degree from the University of California, Riverside.

The ECAC was established in 2008 and consists of leaders from various sectors including businesses, nonprofit organizations, academic institutions, and organized labor. The council provides insights to the Philadelphia Fed’s senior leadership on emerging trends and market conditions within the Third Federal Reserve District. It also promotes inclusive regional economic growth through collaborations with private and public sector organizations.

The Federal Reserve Bank of Philadelphia plays a role in formulating monetary policy, supervising state member banks, bank holding companies, savings and loan holding companies, and providing financial services to depository institutions and the federal government. It is one of 12 regional Reserve Banks that make up the Federal Reserve System along with the Board of Governors in Washington, D.C., serving eastern and central Pennsylvania, southern New Jersey, and Delaware.