As the Federal Reserve prepares to select a new chair, BWC Chair Bill Dudley outlines six major challenges the central bank will face in the year ahead in a new piece for Bloomberg. While markets are focused on whom President Trump will choose and whether that appointment could influence interest rates, Dudley argues the Fed confronts a far broader set of issues. From preserving independence and setting monetary policy to overseeing banks and navigating stablecoins, the incoming chair will have no shortage of challenges to address.

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