Welcome to the Trump Fed: Dudley Do-No-Right to Retire Early
themaven.net / Mike “Mish” Shedlock / Nov 5, 2017
The president of the Federal Reserve Bank of New York is set to announce he will retire next year, about six months earlier than scheduled, adding to an unusual wave of turnover among the central bank’s top monetary and regulatory decision makers and ushering in new uncertainty about its policy cour
The Wall Street Journal says New York Fed President Dudley to Announce Early Retirement .
Just last month, Fed Vice Chairman Stanley Fischer stepped down and Randal Quarles, Mr. Trump’s first nominee to the Fed’s Washington-based board of governors, took office. Three other seats on the seven-member board are also open, giving the president an opportunity to remake its policy-making team.
A fourth seat on the board would open if Ms. Yellen decides to leave after ceding the helm as chairwoman. She could stay on as a governor in a term that extends to 2024.
The post Welcome to the Trump Fed: Dudley Do-No-Right to Retire Early appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/11/05/welcome-to-the-trump-fed-dudley-do-no-right-to-retire-early/
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