Bill Richardson

NY Fed Pres Tim Geithner To Suceed Paulson As Treasury Secretary

Timothy Geithner, current president of the New York Fed and voting member of the Ben Bernanke’s FOMC which sets interest rates, will replace Treasury Secretary Henry Paulson in Barack Obama’s new administration. Former Treasury Secretary from 1999-2001 Larry Summers will also have a key economic and regulatory advisory role. Geithner (pronounced GYTE-ner) has played a