William C. Dudley is the executive vice president of the Markets Group at the Federal Reserve Bank of New York. He is also the manager of the System Open Market Account for the Federal Open Market Committee. The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks.

Prior to joining the Federal Reserve Bank of New York in 2007, Mr. Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm's chief U.S. economist for a decade. Earlier in his career at Goldman Sachs, he had a variety of roles including a stint when he was responsible for the firm's foreign exchange forecasts. Prior to joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Mr. Dudley was an economist at the Federal Reserve Board from 1981 to 1983.

He was a member of the Technical Consultants Group to the Congressional Budget Office, 1999-2005.

Mr. Dudley received his Ph.D. in economics from the University of California, Berkeley in 1982 and a B.A. from New College, Sarasota, Florida, in 1974.

Mr. Dudley and his wife, Ann E. Darby, reside in Cranford, New Jersey.

May 2007