New York Fed President William Dudley to retire early as the Fed overhaul gains steam
- New York Fed President William Dudley is set to retire in mid-2018, earlier than the end of his term in January 2019.
- The news comes after President Donald Trump named Jerome Powell to succeed Janet Yellen as Fed chair last week.
- Dudley, a former partner at Goldman Sachs, ran the New York Fed's markets group during the depths of the 2008 financial crisis, and was a close Yellen ally.
One of the Federal Reserve's most influential policymakers, New York Fed President William Dudley, is preparing to retire earlier than planned, further setting the stage for a fresh slate of US central bankers next year.