Economics
Kaplan Steps Down as Dallas Fed Chief, Hours After Rosengren
- Sudden announcements are in wake of 2020 trading revelations
- Investment activity raised questions of conflict of interest
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Two regional Federal Reserve presidents are retiring following embarrassing revelations of stock trading last year, removing a couple of the central bank’s more hawkish officials as it calibrates withdrawing pandemic policy aid.
Boston Fed chief Eric Rosengren and Dallas’s Robert Kaplan on Monday separately announced plans to step down. Rosengren will depart later this week and Kaplan on Oct. 8.