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re: Tomorrow could be a rough one
Posted on 2/8/18 at 9:27 pm to LSURussian
Posted on 2/8/18 at 9:27 pm to LSURussian
I think it is Dudley that is always opening his mouth.
Posted on 2/8/18 at 9:44 pm to Janky
quote:Well, as President of the New York Federal Reserve Bank he is the only "permanent", meaning non-rotating, Fed President on the FOMC.
I think it is Dudley that is always opening his mouth.
The NY President is the second most listened to member of the FOMC after the Chairman.
He represents close communications with all of the NY big banks...those banks considered systemic banks.
I've been told by several Fed officials that when there is positive news the Fed wants to report to the media the Chairman of the Federal Reserve meets with the press. When there's not so positive information that needs to be disseminated the NY President talks to the press.
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