(C) Bloomberg. Robert Kaplan Photographer: Derick E. Hingle/Bloomberg
(Bloomberg) — Federal Reserve Bank of Dallas President Robert Kaplan will retire on Oct. 8 in the wake of embarrassing disclosures earlier this month about unusual trading activity.
“Unfortunately, the recent focus on my financial disclosure risks becoming a distraction,” Kaplan said in a statement emailed by the Dallas Fed. “For that reason, I have decided to retire.”
His announcement came hours after the Boston Fed said Eric Rosengren will retire on Thursday.
(C)2021 Bloomberg L.P.
Kaplan Steps Down as Dallas Fed Chief, Hours After Rosengren
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