NY Fed hopes to name new chief in coming weeks

The head of the committee to find a successor for the New York Fed's retiring President William McDonough said the Bank hopes to make an announcement in the next few weeks.

Source: Reuters

The chairman of the New York Federal Reserve Board said on Wednesday the committee searching for a new president hopes to reach a decision in the next few weeks.

"I would hope we have an announcement to make in the next several weeks," Peter Peterson, chairman of the New York Fed board, told Reuters. Peterson

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