April 19, 2024

AndronETalksNews

AndronETalksNews

Top US central banker resigns amid trading scandal

RT

January 10, 2022

Federal Reserve Board vice chair Richard Clarida has announced he will step down two weeks before his term is set to expire. His recently amended 2020 financial disclosures raised speculation about potential insider trading.

Nominated by President Donald Trump and confirmed in September 2018, Clarida was the top aide to Fed Chairman Jerome Powell. His resignation will be effective January 14, the Fed announced on Monday. 

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