WASHINGTON (MNI) – The New York Federal Reserve Bank announced
Friday that Brian Sack has withdrawn his resignation and will remain at
the Bank as a senior advisor to New York Fed President William C.
Dudley, effective June 30.
The NY Fed said in a statement, “As a senior advisor, Mr. Sack will
provide analytical expertise and guidance with respect to monetary
policy, financial markets and the U.S. economy.”
As announced April 5, Sack steps down Friday as head of the Markets
Group and Manager of the System Open Market Account, the statement said.
In his new role, he will no longer be involved in the management of the
Markets Group or the SOMA portfolio.
** MNI Washington Bureau: 202-371-2121 **