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Policymaker Lacker's departure leaves US Fed on shakier ground

Trump administration is poised to reshape the board by filling several empty seats

Published Thu, Apr 6, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Washington

    TUESDAY'S sudden resignation of a US central bank policymaker finds the Federal Reserve on shakier ground, with the Trump administration poised to reshape it by filling several empty seats.

    Jeffrey Lacker, president of the Richmond Federal Reserve Bank, announced he was resigning immediately for his role in the 2012 leak of confidential information on monetary policy which became the subject of an inquiry by the Federal Bureau of Investigation.

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