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Richmond Fed chief resigns, admitting violation of confidentiality
Published Wed, Apr 5, 2017 · 09:50 PM
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 disclose the details of the conversation even when he was questioned directly in an internal investigation.
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