This Month: People - New Fed Chairman Sweats In The Hot Seat.(International Monetary Fund appoints John Lipsky)(Brief article)

Banker, The, August, 2006

Federal Reserve chairman Ben Bernanke is facing challenging times. Oil prices that continue to be pushed up by events in the Middle East, fears of slower economic growth and falling stock prices, to name but a few. Unflattering comparisons by some commentators to his predecessor, Alan Greenspan, do not help.

The second highest position at the International Monetary Fund (IMF) has been filled. John Lipsky (above), JPMorgan's vice-chairman, is replacing Anne Krueger as first deputy managing director when she leaves at the end of August. New recruits at the Fund also include former Bank of Spain governor Jaime Caruana, appointed as counsellor and director of a new IMF department that will be responsible for all aspects of the IMF's financial, capital market and...

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