Geithner to replace McDonough at New York Fed
Timothy Geithner, currently the director of the Policy Development and Review Department at the International Monetary Fund (IMF) in Washington DC, has been named the next chief executive of the Federal Reserve Bank of New York.
Geithner joined the IMF in September 2001. His department is responsible for the design and implementation of IMF policies and the assessment of member economies. He served as Under Secretary of the Treasury for International Affairs from 1998 to 2001, under secretaries Robert Rubin and Lawrence Summers, where he was a
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