Tuesday, August 25, 2009
AFL-CIO Leader Appointed Chairman of NY Federal Reserve Board
From Jon Hilsenrath of the Wall Street Journal - Labor Leader Named Head of New York Fed
The Federal Reserve chose a labor leader to succeed a former Goldman Sachs executive as the chairman of the Federal Reserve Board of New York’s private-sector board of directors.
Denis Hughes, president of the New York state branch of the AFL-CIO, had been serving as acting chairman of the New York Fed board since May, when Stephen Friedman stepped down from the position.
Denis Hughes, president of the New York state branch of the AFL-CIO as a chairman of a Federal Reserve Bank - What!
Usually this goes to the financial elites not the President of the New York AFL-CIO union. This sure doesn’t meet the smell test.
Posted by Steve on 08/25 at 04:48 PM
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