Sudden retirement announcements Monday from Eric Rosengren and Robert Kaplan, president of the Boston and Dallas Federal Reserve banks, will bring intense scrutiny to the search for their replacements, and may shift more influence in that process to the central bank’s Washington leadership.
The Federal Reserve Board “will play a much greater role in this just because of the reputational risk on both diversity and ethics,” said Derek Tang, an economist at LH Meyer, a policy analysis firm in Washington.
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September 28, 2021 at 02:16AM
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Rosengren Exit May Give Fed Board More Sway in Picking Successor - Bloomberg
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