Can Sack fill Dudley's shoes?
When William Dudley walked along the hallowed corridors of the neo-Florentine palazzo at 33 Liberty Street for his first day as the New York Federal Reserve's markets chief on 1 January 2007, some old Wall Street hands feared he lacked the necessary expertise. Though well respected for his work as chief US economist a Goldman Sachs, Dudley lacked the hands-on markets experience thought to be required to handle what was then an $860 billion portfolio.
That market participants scrutinised the
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