Stock Groups

Fed’s Kaplan to leave job Oct. 8, citing trading activities By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. Robert Kaplan, President of the Dallas Federal Reserve Bank, stands at Stanford University’s Hoover Institution, where he attended an annual conference on monetary policy in Stanford (California), U.S.A, May 4, 2018. REUTERS/Ann Saphir

(Reuters) – Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any “distraction” to the central bank related to his personal investment activities.

Kaplan stated that the recent attention on his financial disclosure could distract from the Federal Reserve’s vital work. He also noted that his trading complied with the bank’s standards and compliance regulations.

This announcement was made hours after Eric Rosengren of Boston Fed announced that he will be leaving on September 27th. It followed outcry from the public about how Kaplan and Rosengren had traded in securities, while they were key players in U.S. monetary policy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]