NY Fed Casts Wide Net in Search for New President

The video discusses the New York Fed's process of selecting a new president, emphasizing the importance of diversity in candidates. It highlights the challenges of finding someone with expertise in monetary policy, financial markets, and market operations. The current process is more transparent, with a detailed list of criteria and a diverse candidate pool. The decision involves a search committee and board of directors, with a timeline aiming for mid-year completion.

Who ultimately makes the decision on the appointment of the New York Fed President?

What is the timeline for the appointment of the new New York Fed President?