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In August 2008 I joined the Board of Governors of the Federal Reserve System, leaving behind a 30-year career as a commercial banker to become a central banker. My time as a commercial banker spanned numerous business cycles. It also encompassed at least one severe financial system crisis, in the late...
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Former senior executive Vice President and Chief Operating Officer of TowneBank, Elizabeth Duke, was sworn in as governor of the U.S. Federal Reserve on Tuesday morning and will participate and vote at today's FOMC meeting, the Fed announced. The news comes rather last-minute with the FOMC scheduled...