William C. Dudley
Retired President and CEO, Federal Reserve Bank of New York
R. Glenn Hubbard
Dean & Russell L. Carson Professor of Finance and Economics, Columbia Business School
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William C. Dudley
William C. Dudley became the tenth president and chief executive officer of the Federal Reserve Bank of New York on January 27, 2009. He also served as the vice chairman and was a permanent member of the Federal Open Market Committee (FOMC).
Dudley was born in Springfield, Massachusetts. Although he spent his freshman year of college at Columbia University in New York City he received his bachelor's degree from New College of Florida in 1974. He received his doctorate in economics from the University of California, Berkeley in 1982.
Prior to joining the New York Fed, Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm's chief US economist for a decade. Before he joined Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Prior to that, he was an economist at the Board of Governors of the Federal Reserve System in Washington, DC, from 1981 to 1983, so he was not a stranger to the Federal Reserve System when he joined the New York Fed in 2007.
Dudley served as executive vice president of the Markets Group, where he also managed the System Open Market Account for the FOMC. As a leader of both the Markets Group and of the Reserve Bank at large, he has seen the New York Fed weather through the most devastating economic storm since the Great Depression. On identifying himself as a "New York Fed person," Mr. Dudley said that "people are here [at the New York Fed] because they want to work on policy and want to make a difference…contributing something very positive to society."
In 2012, Dudley was appointed chairman of the Committee on the Global Financial System at the Bank for International Settlements (BIS). Previously, he served as chairman of the Committee on Payment and Settlement Systems at the BIS from 2009 to 2012.
R. Glenn Hubbard
R. Glenn Hubbard is dean emeritus and Russell L. Carson Professor of Finance and Economics at Columbia Business School. Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida and also holds AM and PhD degrees in economics from Harvard University.
In addition to writing more than 100 scholarly articles in economics and finance, Glenn is the author of three popular textbooks, as well as co-author of The Aid Trap: Hard Truths About Ending Poverty, Balance: The Economics of Great Powers From Ancient Rome to Modern America, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. His commentaries appear in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington Post, Nikkei, and the Daily Yomiuri, as well as on television and radio.
From 2001 until 2003, he was chairman of the U.S. Council of Economic Advisers. In the corporate sector, he is on the boards of ADP, BlackRock Fixed Income Funds, and MetLife (where he is chair).
Hubbard is co-chair of the Committee on Capital Markets Regulation; he is a past chair of the Economic Club of New York and a past co-chair of the Study Group on Corporate Boards.
Glenn and his family live in New York.
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