Contenders emerge for Fed’s second-most powerful job as search narrows
New York — The federal reserve bank of New York will soon narrow its search for candidates to fill what is considered the Fed’s second-most powerful job after having scouted a diverse field, from a local business school dean to a former Fed governor. New York Fed president William Dudley steps down in mid-2018 and people in contact with the directors leading the search for his successor say they have so far considered several economists, academics, investors, bankers and policy makers. "They are looking beyond the traditional mould" of an expert in banking, markets or monetary policy and plan to start trimming a preliminary list of candidates in coming days, said one person in contact with the directors. The New York Fed president is at the intersection of US monetary policy and financial markets, and is responsible for the policing of Wall Street and the diplomacy with central bank counterparts around the world. Unlike other top roles with a permanent vote on policy, the New York F...
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