Richmond Fed president Lacker resigns, admitting role in leak to analyst

Source: Los Angeles Times

“The president of the Federal Reserve’s Richmond, Va., regional bank resigned Tuesday after acknowledging he had improperly discussed confidential monetary policy deliberations with a financial analyst and then initially failed to disclose his conversation during an internal leak review. … Lacker announced in January that he would retire on Oct. 1. But he said Tuesday he would step down immediately. The bank, one of 12 regional Fed institutions, said that its board of directors ‘took appropriate actions’ once it ‘learned of the outcomes of the government investigations.'” (04/04/17)