New York Fed Board Starts Talks With Possible Dudley Successors
- Dudley’s exit part of big transition in Fed leadership
- Recruitment placing emphasis on need for more diverse leaders
William Dudley
Photographer: Scott Eells/Bloomberg
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The Federal Reserve Bank of New York’s board of directors has started preliminary discussions with potential candidates to succeed President William Dudley, who plans to retire later this year.
The conversations are initial interviews with an eye toward getting to know the field of candidates, according to people familiar with the process, though the selection may still take several months. Dudley has said he will retire in mid-2018. A spokesman for the bank declined to comment.