Exclusive: Wary of natural disaster, NY Fed bulks up in Chicago
US | Tue Apr 14, 2015
(Reuters) - The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.
Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.
read on:
http://www.reuters.com/article/2015/04/14/us-usa-fed-disaster-idUSKBN0N528G20150414
Love Always
mudra
US | Tue Apr 14, 2015
(Reuters) - The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.
Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.
read on:
http://www.reuters.com/article/2015/04/14/us-usa-fed-disaster-idUSKBN0N528G20150414Love Always
mudra
