Dudley says does not oppose making NY Fed head a presidential pick

April 8, 2015 2:48 PM

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NEW YORK, April 8 (Reuters) - New York Federal Reserve President William Dudley said he did not oppose a Congressional proposal to make his successor a presidential appointee that would require Senate confirmation.

The New York Fed president's outsized influence, with a permanent voting role on monetary policy, oversight of major banks, and responsibility for market operations, has led to calls that the post be put on a par with members of the Fed board of governors. Regional bank presidents currently are appo...

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