Agregador de fuentes
Chinese Auto Glass Magnate Faces Union Challenge in Ohio
With ... Jaron Lanier: Soothsayer in the Hills Sees Silicon Valley’s Sinister Side
The Fix: Making Space for a Home Office
Op-Ed Contributor: How You Can Help Prevent Mass Shootings
Former TV Anchorwoman Accuses Kevin Spacey of Assaulting Her Son
Review: An All-Star ‘Murder on the Orient Express’ With Few Surprises
Angela Merkel’s Tortuous Path Toward a German Coalition
Ending Medical Tax Break Could Be a ‘Gut Punch’ to the Middle Class
Phil Murphy Is Elected Governor of New Jersey, in a Lift for Democrats
Frugal Traveler: A $1,000 Day in Cape Town for $100
Chris Christie Argues With New Jersey Voter
Trilobites: The Circadian Clock in Your Nose
Excavating New York, Frame by Frame
Editorial: Want Kids, a Degree or a Home? The Tax Bill Would Cost You
Alternatives to Opioids for Pain Relief
Right and Left React to the Democrats’ Election Victories
What You Need to Know About the New ID Law and Travel
Paradise Papers Shine Light on Where the Elite Keep Their Money
Gene Therapy Creates Replacement Skin to Save a Dying Boy
The New York Fed’s president announces his retirement
He never really took the bull by the horns
APPLICATIONS sought for leading Wall Street post. Duties: important role in setting interest rates (some vaguely defined other responsibilities). Perks: lovely office in Italianate palace; large staff. Requirements: eligibility for highest-level security clearance; tacit support in Washington, DC. Desirable but optional: broad knowledge of banking.
This week the New York Federal Reserve Bank announced that its president, Bill Dudley, will retire next year. He will leave a mixed legacy. He is thought to have given important help to Janet Yellen, the outgoing chair of the Federal Reserve. But he also presided over a steep decline in his institution’s influence over the banks that used to revere and fear it.
Located in America’s financial centre, the New York Fed has powers not vested in the country’s 11 other reserve banks. Its president has a permanent seat on the Fed committee that sets interest rates. Its trading desk puts board policies into...