Geithner skips FOMC meeting

Tim Geithner, the president of the New York Fed and the Federal Reserve System's chief crisis manager since the outbreak of the credit crisis, did not attend Tuesday meeting of the Federal Open Markets Committee (FOMC). Geithner stayed behind in New York to lead crisis talks to the bailout of American International Group (AIG).

Geithner, who is vice chairman of the rate-setting FOMC, usually plays an important role in interest rate meetings. As president of the New York Fed, the regional Fed w

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