Fed vice chair Clarida vows to resign early

By Agence France-Presse

Jan 12, 2022 12:13 am

NEW YORK: Federal Reserve Vice Chairman Richard Clarida announced on Monday (Tuesday in Manila) he will exit the US central bank early following questions over his equity trading activity early in the Covid-19 pandemic.

Clarida, whose term on the Board of Governors was set to expire on January 31, will instead resign on January 14. He gave no explanation for the accelerated departure, but said in a resignation letter he was 'proud' to have helped steer 'the economy away from depression.'

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