Apparently it not that good to be king: No-one wants $313,000 a year to run the New York Fed. While some of this is just chance — there were were only two preferred candidates, apparently, and good people have many things they can do with their time — it is also a problem for the Fed. After all, current chair William J. McDonough, 69, is leaving mid-June.
Let me check my calendar … oh, I’m busy too.
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