Inside the New York Federal Reserve Bank: Secret recordings and a culture clash
Federal Reserve Bank of New York (Shutterstock)

Barely a year removed from the devastation of the 2008 financial crisis, the president of the Federal Reserve Bank of New York faced a crossroads. Congress had set its sights on reform. The biggest banks in the nation had shown that their failure could threaten the entire financial system. Lawmakers wanted new safeguards. Our Publishing Partner…