Union boss named New York Fed chair


Denis Hughes, the president of the New York State AFL-CIO, a trade union, has been named the new chairman of the New York Federal Reserve's governing board.

Lee Bollinger, the president of Columbia University, has been named deputy.

Hughes has served the board as a director since January 2004, as deputy chairman since January 2007 and as acting head since Stephen Friedman's departure in May. Friedman was a banker with Goldman Sachs.

Hughes, an electrician by trade, joined the New York State AFL

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: