20:31
Traffic jam:   6
$
92.5919
100.2704
Person
DUDLEY William

DUDLEY
William

Former President of Federal Reserve Bank of New York

Organization: Federal Reserve Bank of New York

Profession: Former President

Content

Biography

William C. Dudley  is an American economist who served as the president of Federal Reserve Bank of New York from 2009 to 2018 and as vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.

Early life and education

Dudley attended the Williston Northampton School in Easthampton, Massachusetts. He spent his freshman year at Columbia University and subsequently earned a B.A. degree from New College of Florida in 1974, and a PhD in economics from the University of California, Berkeley in 1982.

Career

Dudley worked at Goldman Sachs from 1986 to 2007 where he held the position of chief U.S. economist. In 2007 he was hired by then-president of the New York Federal Reserve Timothy Geithner to oversee the department in charge of buying and selling government securities. When Timothy Geithner became the Secretary of Treasury in 2009, Dudley became the 10th President of the Federal Reserve Bank of New York.

In 2019, Dudley joined the Griswold Center for Economic Policy Studies at Princeton University as a senior research scholar. He is currently the Chair of the Bretton Woods Committee. He is a member of the Group of Thirty and the Council on Foreign Relations. He was a member of the Bank for International Settlements Board of Directors from 2009 to 2018 and chaired the BIS Committee on Payment Settlement Systems (2009-2012) and the Committee on the Global Financial System (2012-2018).

Dudley worked closely with Chairman Bernanke, Chair Yellen, and Chairman Powell as Vice-Chairman of the FOMC during 2009–2018.

Economic views

Dudley pioneered the importance of financial conditions in assessing the appropriate stance of monetary policy. He also led an effort by the NY Fed to highlight the importance of improving culture and conduct in the financial services industry. He has stressed the importance of incentives. Incentives drive conduct and behavior and this helps establish the social norms that define culture.

In December 2020, Dudley noted that an inflation scare was likely. Base effects and supply chain disruptions were likely to push inflation well above 2%. Dudley also highlighted the flaws in the Fed’s new long-term monetary framework, pointing out that how the Fed operationalized its new 2% average inflation targeting regime meant that it would be slow to tighten monetary policy. The likely result would be the Fed forced to respond more aggressively later, resulting in higher short-term rates and, ultimately, a greater risk of a hard landing and recession.

Personal life

Together with his wife Ann, Dudley has been a resident of Cranford, New Jersey, where he has been an active community volunteer.

Rating GlobalNY.biz

Takes place
general
№1848
general
Takes place
area
№287
area
Takes place
№1
In rating
Former President
profession

Mentioned together

46th President of the United States
1 place
6th Chair of the Federal Reserve
2 place
Governor on the Federal Reserve Board (Fed)
3 place
Chief Executive Officer of Federal Reserve Bank of Cleveland
4 place
President of the Federal Reserve Bank of St. Louis
5 place
Foreign Minister of Russia
6 place
Foreign Minister of Republic of Korea
7 place
Foreign Minister of Japan
8 place
Prime Minister of Japan
9 place
President of North Korea
10 place
Deputy Prime Minister of Israel
11 place
Minister of Finance of Israel
12 place
Director of NLPC’s Government Integrity Project
13 place
Former Governor of Florida
14 place
Judge
15 place

Colleagues

Senior Vice President & Head of Outreach & Education Federal Reserve Bank of New York
1 place
Chief Executive Officer of Federal Reserve Bank of New York
2 place

Discussion

Profile statistic

mentions
views
Companies rating
Major League Baseball (MLB)
44 Persons
National Football League (NFL)
40 Persons
National Basketball Association (NBA)
24 Persons
Morgan Stanley
20 Persons
Ultimate Fighting Championship (UFC)
20 Persons
Apple
19 Persons
United States House of Representatives
17 Persons
White House
16 Persons
Merck
15 Persons
Foot Locker
14 Persons
GlobalNY.biz pays special attention to the activities of famous people: politicians, officials, businessmen, bankers, cultural and sports figures. Their opinion largely determines the development of political, social and economic life in New York. The section is constantly edited by our journalists for the relevance of information. Here you can find information about CEOs and presidents of top New York companies, officials and public figures who play a key role in the development of the region.
The goal of the project is to create a comfortable information space for all market actors, as well as to acquaint the readership with business people in New York.
We have created an impressive database of people in New York, which contains information about a career path, education and other important information about a person.
Thanks to automatic counting of the number of mentions of a person in the news sections " New York News ”and“ New York Press Releases ”on the portal the rating of popularity and influence of persons is formed. The GlobalNY.biz team monitors rating changes and rewards project participants for their success. In general, the rating of participants is based on an in-depth analysis of the activity of PR services of famous people, and also reflects the qualitative state of the information field formed by the media and press services around the organization.
Business People of New York is a project about people who, through their ideas, words and deeds, have a great influence on the development and prosperity of New York.
Alena Potapova

Development Director
Population
8112694393
Died this year
14295743
Born this year
35170058