Senior Senate Democrat wants NY Fed chief to be presidential appointee

U.S. Senator Reed talks to reporters as he arrives for the weekly Democratic caucus luncheon at the U.S. Capitol in WashingtonBy Howard Schneider WASHINGTON (Reuters) – A senior Democratic senator has introduced legislation that would make the head of the New York Federal Reserve Bank a presidential appointee subject to Senate confirmation. The bill by Rhode Island Senator Jack Reed, an influential voice on the Senate Banking Committee, comes ahead of a committee hearing on Friday at which New York Fed chief William Dudley will be the main witness. …

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