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William Dudley, president of the Federal Reserve Bank of New York, and vice-chairman of the Federal Open Market Committee, speaks at the Council on Foreign Relations, Thursday, May 24, 2012 in New York. (AP Photo/Mark Lennihan)

2_162014_ap1205241338208201.jpg

2_162014_ap1205241338208201.jpg

William Dudley, president of the Federal Reserve Bank of New York, and vice-chairman of the Federal Open Market Committee, speaks at the Council on Foreign Relations, Thursday, May 24, 2012 in New York. (AP Photo/Mark Lennihan)

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Meltdown Investigatio_Thir.jpg

Thomas Baxter, Jr., general counsel and executive vice president of the Federal Reserve Bank of New York, testifies on Capitol Hill in Washington, Wednesday, Sept. 1, 2010, before the Financial Crisis Inquiry Commission. (AP Photo/Carolyn Kaster)