BREAKING: New York Fed’s Head Of Communications Resigns

NEW YORK—The Federal Reserve Bank of New York today announced that Krishna Guha, executive vice president and head of the Communications Group, conveyed his intention to resign from the Bank, effective September 6, 2013.   He will step down from his current position immediately, and serve as a senior adviser to President Dudley until his last day in the Bank.

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It is somewhat ironic that a Federal Reserve which is now more committed to “forward guidance”, transparency and communication than ever in history, just announced the resignation of Krishna Guha, the head of NY Fed’s Communications Group, aka the head PR contact for all media. More importantly, the resignation took place without a handy substitute ready. Our advice to the Fed, if unable to find a worthy replacement: just hire Jon Hilsenrath – after all he already is the Fed’s mouthpiece.

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