The next president of the United States—and many of her colleagues up on Capitol Hill—don’t think much of New York Fed President Bill Dudley. When they look at his goofy smile, all they see is a lack of “rigorous accountability for conflicts of interest and failures of oversight.” Someone “essentially… hired by the people” he’s regulating; someone who might be best put out to pasture.
New York Fed
Could We Just Ignore The Hedge Fund Manager Bill Dudley Just Picked To Figure Out How To Hike Interest Rates For A Couple Of Seconds?By Jon Shazar
The New York Fed president (for now) is sticking with his story that his little corner of the central bank isn’t just a giant recruiting firm for Wall Street. But if it were a revolving door, let’s not forget that revolving doors go both ways. Read more »
If Congress really thinks that Bill Dudley is doing such an extraordinarily shitty job of running the New York Fed, as it very clearly does, Bill Dudley would be happy to see them try to find someone better. Or at least stop complaining about how people like Bill Dudley wind up running things like the New York Fed. Read more »
La Casa de Corbat may have had an inkling about the problems that led to its $400 million Mexican nightmare. Or it may not have read all of those long, boring missives that the New York Fed insisted on sending year after year. Read more »
This and other conclusions were reached by a not-so-top-secret report commissioned by his successor at the New York Fed. Other conclusions: the regulator could stand to start speaking up, having useful ideas, not being afraid of Goldman Sachs. Read more »