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Richmond Fed chief resigns, admitting violation of confidentiality

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"I realized that my failure to decline comment on the information could have been taken by the analyst, in the context of the conversation, as an acknowledgment or confirmation of the information. I deeply regret the role I may have played." - Jeffrey Lacker (above), president of the Federal Reserve Bank of Richmond in Virginia

Washington

JEFFREY Lacker, the president of the Federal Reserve Bank of Richmond in Virginia, resigned abruptly on Tuesday, saying that he had broken the Fed's rules in 2012 by speaking with a financial analyst about confidential deliberations.

Dr Lacker said he also failed to

sentifi.com

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