William Dudley was an executive vice president of the Federal Reserve's Bank of New York before being chosen to succeed Timothy Geithner as president of the organization in January 2009. Dudley, who has been involved with designing programs to try to avert the current financial crisis, will serve as the Federal Reserve's top emissary to Wall Street.Washington Post: Dudley Will Replace Geithner... (January 27, 2009)
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I don’t think the New York Fed position has ever been more important than right now. It is important that there be capital-markets experience in the New York Fed job. The New York Fed president is on the front lines.—Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New YorkBloomberg: New York Fed Said to Name Dudley (January 27, 2009)
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Fast Facts
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Has been working with the Federal Reserve's Bank of New York since 2007Bloomberg: New York Fed Said to Name Dudley (January 27, 2009)
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Dudley will replace Timothy Geithner, who was sworn in as Treasury Secretary on January 26, 2009Bloomberg: New York Fed Said to Name Dudley (January 27, 2009)
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Geithner endorsed Dudley during the search for his replacementBloomberg: New York Fed Said to Name Dudley (January 27, 2009)
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Dudley will be the only one of 12 regional presidents to have a permanent vote on the Federal Open Market CommitteeWashington Post: Dudley Will Replace Geithner... (January 27, 2009)
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Dudley will be in charge of regulating the nation's large financial groups such as Citigroup and J.P. Morgan ChaseWashington Post: Dudley Will Replace Geithner... (January 27, 2009)
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He was chosen over several other candidates including Kevin Warsh, Terrence Checki and H. Rodgin CohenBloomberg: New York Fed Said to Name Dudley (January 27, 2009)
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Before coming to the Federal Reserve's Bank of New York in 2007, Dudley was chief economist at the Goldman Sachs investment bankBloomberg: New York Fed Said to Name Dudley (January 27, 2009)
