homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

January 11, 2022

Fed vice chair is latest to quit in trading scandal

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON — Federal Reserve Vice Chair Richard Clarida said Monday that he will step down on Friday, the third Fed official to resign in the wake of a trading scandal at the central bank.

The announcement followed new revelations around Clarida's trading in a stock fund in February 2020, when the coronavirus threatened to upend the global economy and the Fed was discussing extraordinary measures to counter its impact.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.