Stanley Fischer

N.Y. Fed chief Dudley, a key Yellen ally, is retiring next year

N.Y. Fed chief Dudley, a key Yellen ally, is retiring next year

William Dudley, president of the Federal Reserve Bank of New York and a key ally of Fed chief Janet L. Yellen, will retire in mid-2018, creating another opening in the top ranks of decision-making at the nation's central bank.

The New York Fed's announcement Monday followed President Trump's nomination last week of Jerome H. Powell to succeed Yellen as chair in February and the departure last month of Stanley Fischer as vice chair. The Fed's board...

EDITION: California | U.S. & World
71°