Richard Clarida, the vice chair of the Federal Reserve, will leave on Jan. 14, two weeks ahead of schedule. He did not give a reason.

Reuters

United Kingdom

Fed's Clarida to resign Jan 14, two weeks ahead of end of term

The timing of the departure means Clarida will not be at the Fed's policy-setting meeting in late January, when officials are set to debate when to raise interest rates and how to start shrinking the central bank's $8 trillion-plus balance sheet as it responds to high inflation.

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Fed's Clarida to resign two weeks early amid trading controversy

Federal Reserve Vice Chair Richard Clarida said he will step down on Friday, the third Fed official to resign in the wake of a trading scandal at the central bank

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Fed Vice Chair Richard Clarida resigns amid trading scandal

Federal Reserve Board Vice Chair Richard Clarida will resign on Jan. 14, the U.S. central bank said on Monday, ending a term began in 2018 as second-in-commend to Fed Chair Jerome Powell.

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WASHINGTON (AP) — Federal Reserve Vice Chair Richard Clarida said Monday that he will step down on Friday , the third Fed official to resign after a trading scandal at the central bank that involved potential conflicts of interest.

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Fed vice chair is latest official to quit in trading scandal

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Clarida's resignation comes after reports that he corrected his previous financial disclosure late last month to show he sold a stock fund and then swiftly rebought it shortly before the Fed announced a barrage of rescue programs to stem the economic fallout from the pandemic.

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Fed's Richard Clarida to resign

Richard Clarida, has faced renewed scrutiny about trades he made in 2020 as the central bank was poised to rescue financial markets.

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The Fed’s vice chair is resigning early after trading scandal deepens

Federal Reserve Vice Chair Richard Clarida said Monday he will step down on Friday, the third Fed official to resign in the wake of a trading scandal at the central bank. The announcement followed new revelations around Clarida's trading in a stock fund in February 2020, when the coronavirus threatened ...

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Federal Reserve official resigns amid stock trading scandal

By CHRISTOPHER RUGABER
AP Economics WriterWASHINGTON (AP) — Federal Reserve Vice Chair Richard Clarida said he will step down on Friday, the third Fed official to resign in the wake of a trading scandal at the central bank. The announcement followed new revelations around Clarida’s trading in a stock fund in February 2020, when the coronavirus threatened to upend the global economy and the Fed was discussing extraordinary measures to counter its…

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Fed Vice Chair Richard Clarida resigns amid trading scandal - Local News 8

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Richard Clarida, the vice chairman of the Federal Reserve, said Monday he will resign on Jan. 14. Clarida has become embroiled in a controversy involving a stock transaction in 2020 shortly before the central bank took action to prop up the economy. His announcement comes one day before Chairman Jerome Powell testifies to the Senate.

Fed's Clarida to resign Jan 14, two weeks ahead of end of term

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