Two top US central bankers resign after reports of controversial investment trades

The presidents of the Federal Reserve banks of Boston and Dallas are stepping down, after recent reports of potentially unethical investments in 2020 drew criticism and prompted the Fed to launch an ethics review.

Robert Kaplan of Dallas followed Eric Rosengren of Boston in announcing an early retirement on Monday. Both executives are 64, a year short of the mandatory retirement age at the Fed.

Rosengren said he would retire on Thursday, rather than in July 2022, citing health reasons – an upcoming kidney transplant to help him deal with a chronic condition, specifically.

Kaplan will also retire effective October 8, because “the recent focus on my financial disclosure risks becoming a distraction” to the “vital” work of deliberating future monetary policy at “a critical point in our economic recovery,” he said.

https://www.rt.com/business/535987-federal-reserve-retiring-ethics/

Two top US central bankers resign after reports of controversial investment trades
https://www.rt.com/business/535987-federal-reserve-retiring-ethics/

Boston Fed’s Eric Rosengren to retire early citing health reasons
https://www.pbs.org/newshour/economy/boston-feds-eric-rosengren-to-retire-early-citing-health-reasons

Robert Kaplan to retire as Dallas Fed President on Oct.
https://finance.yahoo.com/video/robert-kaplan-retire-dallas-fed-203336526.html

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