Geithner to replace McDonough at New York Fed

He replaces Bill McDonough, who stepped down in June and was also chairman of the Basel Committee on Banking Supervision until July, when he was replaced by Jaime Caruana.

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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