New York Fed Goes Through Hiring Spree

09/11/2009 05:12 am ET | Updated May 25, 2011
  • Aline van Duyn

The Federal Reserve Bank of New York is aggressively hiring traders as it seeks to manage its burgeoning securities holdings, making the central bank one of Wall Street's most active recruiters of financial talent.

The New York Fed the arm of the US central bank that implements its monetary policy plans to increase the staff in its markets group to 400 by the end of the year up from 240 at the end of 2007.