Fed’s Bullard, Influential Voice on Rates, to Leave for Academia
- Recent Fed hawk to take over as Purdue business school dean
- St. Louis Fed to conduct ‘transparent’ search for new chief
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Federal Reserve Bank of St. Louis President James Bullard, an influential voice who called for aggressive interest-rate hikes to fight the recent inflation surge, resigned after 15 years in the position to become dean of a university business school.
Bullard, 62, stepped down from his post as head of the bank effective Thursday. He will fully depart Aug. 14 to become the inaugural dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University, the St. Louis Fed said in a statement Thursday.