Confirmation now of widely reported talk 6 Nov

  • NY Fed board seeking a successor
  • seeking broad diverse qualified candidates
  • early announcement has been made to ensure successor in place well before term ends

Form an orderly queue everyone!

Adam reported on the rumours here on Friday with a story run by CNBC .

The NY Fed has a permanent vote on the FOMC and Yellen has just said Dudley made enormous contributions to Fed policy.

Dudley is scheduled to speak later at 17.10 GMT so I guess we'll get more detail then, if indeed any is needed.