New York Fed President Refuses a Question About Gold Swaps in Public

by Chris Powell

Dear Friend of GATA and Gold:

Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.

Yesterday when your secretary/treasurer e-mailed the New York Fed’s media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA’s behalf, Pajonk provided the Internet link to a video recording of Dudley’s remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it.

Continue Reading at…