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president of the Federal Reserve Bank of New York

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About president of the Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of 12 regional reserve banks of the Federal Reserve System, which is the American central bank. It is described as being the most important of the banks, due to it being in the world's center of finance and serving as the Federal Open Market Committee's operating arm. This is also due to its conducting of open market operations and foreign exchange market intervention.

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