federal reserve bank of new york
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William Dudley, president of the Federal Reserve Bank of New York, and vice-chairman of the Federal Open Market Committee, speaks at the Council on Foreign Relations, Thursday, May 24, 2012 in New York. (AP Photo/Mark Lennihan)

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Thomas Baxter, Jr., general counsel and executive vice president of the Federal Reserve Bank of New York, testifies on Capitol Hill in Washington, Wednesday, Sept. 1, 2010, before the Financial Crisis Inquiry Commission. (AP Photo/Carolyn Kaster)