Dudley says does not oppose making NY Fed head a presidential pick

New York Federal Reserve President William Dudley said he did not oppose a Congressional proposal to make his successor a presidential appointee that would require Senate confirmation. The New York Fed president's outsized influence, with a permanent voting role on monetary policy, oversight of major banks, and responsibility for market operations, has led to calls that the post be put on a par with members of the Fed board of governors. Regional bank presidents currently are appointed by their