The Traderszone Network

Published in TZ Latest News 14 April, 2015 by The TZ Newswire Staff

Exclusive: Wary of natural disaster, NY Fed bulks up in Chicago

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.

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