Hughes Named Chairman of New York Federal Reserve
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Denis Hughes, president of the New York State AFL-CIO, was named chairman of the powerful Federal Reserve Bank of New York today. Hughes, who has served as acting chairman of the board of directors since May, was named chairman for the remainder of 2009.
Hughes says his experience on the board has been a “great experience,” which has allowed him to see firsthand how the nation’s economy really works.
Says Hughes:
“My job is to do whatever I can to make sure working families are considered when decisions are made.”
Hughes, a 40-year member of the Electrical Workers (IBEW, has led the New York State federation since 1999.
