September 27 (Reuters) – Dallas Fed President Robert Kaplan will step down on October 8, a statement said Monday in which he said he did not want his personal situation to disrupt the functioning of the Federal Reserve.
“The interest recently aroused the disclosure of my financial exposure could disrupt the vital work of the Federal Reserve,” said Robert Kaplan, while assuring that the financial investments in question had been made in compliance with the rules in force.
The announcement comes hours after Eric Rosengren, who heads the Boston branch of the Federal Reserve and who said he would retire on Thursday for health reasons.
The two men are accused of having made several financial investments while they had leading roles in the economic decisions of the American Federal Reserve. (Ann Saphir, French version Nicolas Delame)
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