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Article: FEDERAL RESERVE BANK OF NEW YORK PRESIDENT DUDLEY TESTIFIES BEFORE COMMITTEE ON FINANCIAL SERVICES, HOUSE OF REPRESENTATIVES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- April 25, 2009
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WASHINGTON, March 24 -- The chairman of the Federal Reserve Bank issued the text of the following testimony before a congressional committee:
Good morning, Chairman Frank, Ranking Member Bachus, and other members of the Committee. Thank you for giving me the opportunity to appear before you today. As you know, on January 27, 2009, I became the president of the Federal Reserve Bank of New York. Before I assumed that position, I served as the head of the Markets Group at the New York Fed. I appreciate having this opportunity to discuss the Federal Reserve Bank of New York's involvement with American International Group, Inc. (AIG).
Role of the Federal Reserve Bank of New York At the outset, ...