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

Summary by Ground News

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.

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The Korea Times

Fed vice chair is latest official to quit in trading scandal

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.

3 years ago·Korea, Republic of

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The Hill

Fed Vice Chair Clarida to resign over pandemic stock trades

Federal Reserve Vice Chair Richard Clarida announced on Monday that he would be resigning from his position early following months of media reports scrutinizing stock trades he made towards the beginning of the COVID-19 pandemic.

3 years ago·Washington, United States

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Newsweek

Federal Reserve Vice Chair Richard Clarida becomes third to resign after trading scandal

Clarida's resignation announcement came after new information was revealed regarding his trading in a stock fund in February 2020.

3 years ago·United States

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Times of India

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

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.

3 years ago·India

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The Gateway Pundit

FED Vice Chair Richard Clarida Resigns After Trading Scandal - Made BIG BETS on Stocks and Bonds Just Before FED Pandemic Statement in 2020

Another top official at the FED, Vice Chair Richard Clarida has resigned. He is the third top executive at the FED to resign over the past year. The AP reported: 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…

3 years ago·United States

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Star Advertiser

Fed vice chair is latest official to quit in trading scandal

WASHINGTON >> 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.

3 years ago·Honolulu, United States

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