People: Fed appoints head of financial stability; Russian deputy to gain new adviser
Lehnert gains financial stability role after proving influential in the department’s creation
US: Andreas Lehnert has been promoted to director of financial stability at the Federal Reserve, taking responsibility for leading the central bank's work to tackle systemic risk.
"Andreas has been a leader in the board's thinking about how to identify and reduce threats to the stability of our financial system," said Federal Reserve Board chair Janet Yellen, who was "confident" Lehnert would continue to deliver the "economic expertise, common sense and thorough analysis" the Fed has "come to
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