View Full Version : Economics Labor Leader Named Head of New York Fed

08-25-2009, 11:12 AM
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.


How ironic....this guy is a supporter of the Obama health care plan as well....