Exit economists from NY Fed contest

This article calls it troubling that the two front runners have pulled out of contention for the job of New York Fed president. This reluctance fits something of a disturbing trend, the article asserts, with all the members of George Bush's first economic policy team having left in the last six months.

First published in the Financial Times, 19 May.

The news that the two leading contenders for the presidency of the New York Federal Reserve have withdrawn from the running is troubling. It seems

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