Fed chooses new chief operating officer


Richard Anderson, a former executive at telecommunications holding company BellSouth Corp and AT&T Inc, the largest provider of fixed telephony in the US, will become chief operating officer of the Federal Reserve System on April 18. He will also serve as director of the Federal Reserve System's management division.

Anderson was appointed vice chairman of the Georgia Regional Transportation Authority last April. Previously, he was executive director of the authority, where he led the first

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