New York Fed’s markets chief leaves for White House job

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Federal Reserve Bank of New York

Daleep Singh, head of the New York Fed’s market and policy implementation group, has resigned to take up a position with the Biden administration.

The New York Fed announced the resignation on February 5. Singh will become a deputy national security adviser and a deputy director of the National Economic Council.

Anne Baum will take over as interim head of the markets division. Baum is currently head of central bank and international account services.

Singh only assumed the leadership of the

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