N.Y. Fed Makes the Rounds In Its Search for Next Chief
It may be the trickiest job to fill in central banking. And as the Federal Reserve Bank of New York search committee casts a wide net to find a replacement for its outgoing president, William Dudley, the wish list is getting long.
Interviews with 10 members of the Fed’s advisory boards, which the committee is consulting, suggest they want a president with market expertise, crisis-management chops, strong leadership abilities, an eye on inequality and an ear for regional trends.
The committee hasn’t publicized a long list, but Peter Blair Henry — outgoing dean of New York University’s Stern School of Business — has been suggested, according to advisory board members. New York Fed insider Simon Potter, who runs its markets group, Brian Sack, who previously held that position, and former senior Fed Board staffer Nellie Liang have also been discussed as potential candidates.
In addition, former Treasury economist Karen Dynan has been floated, as has Northwestern University economist Janice Eberly, JPMorgan Chase & Co.’s Sandra O’Connor, and UBS Securities economist Seth Carpenter.
The New York Fed says on its website the process is expected to take six to nine months. Dudley plans to retire in mid2018.