Geithner’s Old Post Filled | Article by No Fax Payday Loans Center

Dudley heads Federal Reserve Bank of New York

Federal Reserve Bank of New York President William Dudley

Your no fax payday loans source keeps you informed about who is running the country’s finances.

William Dudley, who until now was head of the New York Fed’s markets group, has taken over Treasury Secretary Timothy Geithner’s former post as president of the Federal Reserve Bank of New York .

Dudley began his new job Tuesday, the day after Geithner was sworn in as Obama’s Treasury secretary. The promotion puts Dudley on the front lines of the battle to straighten out the United States’ credit crisis.

Job description

Among other “perks,” Dudley’s position means he is a voting member of the Federal Open Market Committee. That committee is in charge of setting interest rates as well as making other policy decisions.

In addition to aiding with those duties, Dudley will be responsible for carrying out the Fed’s decisions regarding Treasury securities. He will carrying out purchasing and sales of Treasury securities based on federal policies. It is possible that he will be involved in shaping federal policy regarding no fax payday loans.

Get to know your Fed Head

Dudley has been part of the New York Fed since January 2007. Before that he was a partner and managing director at Goldman Sachs & Co. He served as the company’s chief U.S. economist for 10 years. He also has served the Federal Reserve on a national level.

Dudley earned his bachelor’s degree at New College in Sarasota, Florida. He then went on to get his doctorate degree in economics from University of California at Berkeley.

Check back with your no fax payday loans store to get more updates on who is in charge of the nation’s money.