WASHINGTON, Nov. 24 (UPI) -- Timothy Geithner, president of the Federal Reserve Bank of New York, brings his experience in formulating monetary policy to the U.S. treasury secretary post.
Geithner, 47, became the New York Fed's ninth president in 2003, and has served as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy.