At The Fed's Heart, An Institutional Flaw

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AFP/Getty Images
AFP/Getty Images

On the "PBS NewsHour" in late May, Treasury Secretary Timothy F. Geithner indicated that the continued presence of Jamie Dimon, the chief executive of JPMorgan Chase, on the board on the Federal Reserve Bank of New York created a perception problem that should be addressed. He used the diplomatic language favored by finance ministers, but the message was loud and clear: Mr. Dimon should resign from the board of the New York Fed.

Read the whole story at The New York Times