Fed Up, a group of economists and former Fed officials, and other organizations have been critical of the selection process as well as the approach the central bank has taken to policy-making. "The NY Fed should go back to the drawing board and draw from the deep, diverse, and highly qualified list of candidates provided to it by the Fed Up coalition (as well as surveying the views of other public interest groups)," the Economic Policy Institute's Josh Bivens said in a recent statement. "This is too important a decision to make on institutional autopilot."

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