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Stanley Fischer reportedly on shortlist to lead New York Fed
By TheMarker Staff and Reuters
Tags: New York Federal Reserve Bank 

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The New York Fed is moving ahead with seeking a permanent replacement for Geithner, its chairman Stephen Friedman said last week.

Apart from Friedman, Geithner and Fed Chairman Ben Bernanke will likely have the most say in who is selected, economists said.

Among the top contenders for the job, Fed watchers say, are Fed Governor Kevin Warsh and New York Fed official Bill Dudley.

Dudley has played a key part in combating the credit crisis, helping to design the Fed's liquidity programs. Warsh too has been crucial to the Fed's crisis management effort as the Board of Governors' liaison to financial markets.

Fischer had been a candidate to run the New York Fed in 2003, but he withdrew his candidacy.

Other names said to be in the running include Christine Cumming, first VP of the New York Fed; Terrence Checki, head of emerging markets; JPMorgan Chase chief executive Jamie Dimon, who sits on the board; and Dino Kos, who ran the New York Fed's markets desk before Dudley and is now at research firm Portales Partners.


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