Sack withdraws resignation and stays on at NY Fed


The Federal Reserve Bank of New York on June 29 announced that Brian Sack had withdrawn his resignation and would remain at the central bank as a senior adviser to the New York Fed president, William Dudley.

It has previously been revealed that Sack had quit the Bank, with his leaving date set for June 29. Simon Potter has taken over as head of the Fed's markets group and manager of the System Open Markets Account (Soma).

Offering no explanation for the change of heart, the brief statement from

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