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Two Top Federal Reserve Officials Retire In Wake Of Trading Disclosures by Christopher S. Rugaber

In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed’s rules on investments. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said he. “The departure of Rosengren and Kaplan should ease pressure on Powell, who notably failed to express confidence in the two presidents”

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