Stanley Fischer favourite to head NY Fed?

Sources close to the Fed say former IMF official Stanley Fischer could be favourite to replace William McDonough at the Federal Reserve Bank of New York.

Source: Reuters

The process to select a new president for the powerful New York Federal Reserve Bank appears to have entered its final stages and may have narrowed to a single lead candidate, sources close to the Fed said.

One source said former IMF official Stanley Fischer has emerged as the likely successor to William McDonough when he steps