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Fed’s Richard Clarida to Leave Vice Chair Position Two Weeks Early

  • Vice chair to resign Jan. 14, two weeks before term ends
  • Senate holds Powell, Brainard nomination hearings this week
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Fed Vice Chair Richard Clarida to Step Down Early
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Federal Reserve Vice Chair Richard Clarida said Monday he will resign two weeks before his term expires, following new revelations about his stock trading on the eve of a major central bank announcement in early 2020.