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.
The New York Federal Reserve on Wednesday named a former hedge fund partner to head a new policy team meant to better understand the effects that the coming tightening cycle will have on global economies and financial markets.
NY Fed taps former Tudor partners as new policy guru [Reuters]
NY Fed’s Dudley Says There Is No Revolving Door at His Bank [WSJ Real Time Economics blog]