Tags: richmond | fed | lacker | retire

Richmond Fed President Lacker to Retire in October

Image: Richmond Fed President Lacker to Retire in October

Tuesday, 10 Jan 2017 12:42 PM

Richmond Federal Reserve President Jeffrey Lacker, one of the U.S. central bank's most reliable proponents of interest rate increases, will retire from his post in October, the Richmond Fed said in a statement on Tuesday.

Lacker, 61, does not have a vote on rate policy this year but participates in policy discussions. He was next due to vote on monetary policy in 2018.

Lacker, who has led the Richmond Fed since 2004 and participated in the central bank's efforts to fight the 2007-08 financial crisis, will step down on Oct. 1.

The Richmond Fed said it has already formed a committee to find a successor to Lacker and has hired search firm Heidrick & Struggles to aide its efforts.

 

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
StreetTalk
Richmond Federal Reserve President Jeffrey Lacker, one of the U.S. central bank's most reliable proponents of interest rate increases, will retire from his post in October, the Richmond Fed said in a statement on Tuesday.
richmond, fed, lacker, retire
119
2017-42-10
Tuesday, 10 Jan 2017 12:42 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved