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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

Video player cover image — Fed Vice Chair Richard Clarida to Step Down Early

By

Craig Torres and

January 10, 2022, 9:00 PM UTCUpdated onJanuary 11, 2022, 2:26 AM UTC

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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.