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Published 2 years ago

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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