Economics
Top Democrats Pressure New York Fed Over Search for Next Chief
- Democrat senators mount full-court press for a diversity pick
- Protest on Monday will ask for public status update on search
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Top Democratic lawmakers are piling pressure on the Federal Reserve Bank of New York to consider a diverse slate of candidates as the search for its next president enters a critical phase.
A letter, signed by eight Democrats on the Senate Banking Committee, was sent last week to the leaders of the New York Fed’s search to replace William Dudley, who plans to step down this year.