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

19 days ago·Washington, United States
Articles
G
General Summary
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.
Summary by Ground News
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.

19 days ago·Mumbai, India
Ownership:Sahu Jain family
Reuters

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

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.

19 days ago·United Kingdom
Ownership:The Woodbridge Company
Washington Times

Federal Reserve official resigns amid stock trading scandal

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 ...

19 days ago·Washington, United States
Ownership:The Washington Times LLC
The Independent

Fed Vice Chair Richard Clarida resigns amid trading scandal

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

19 days ago·London, United Kingdom
Ownership:Alexander Lebedev
CNN

Fed's Richard Clarida to resign

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.

19 days ago·Atlanta, United States
Ownership:AT&T
abc News

Fed Vice Chair Richard Clarida resigns amid trading scandal

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

19 days ago·United States
Ownership:The Walt Disney Company

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