Tuesday, August 25, 2009

LIKE BOB DYLAN WROTE IN 1963...

"THE TIMES THEY ARE A-CHANGING"

Labor Leader Named Head of New York Fed


The Federal Reserve chose a labor leader to succeed a former Goldman Sachs executive as the chairman of the Federal Reserve Board of New York's private-sector board of directors.

Denis Hughes, president of the New York state branch of the AFL-CIO, had been serving as acting chairman of the New York Fed board since May, when Stephen Friedman stepped down from the position.

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