Economics
Trading Scandal That Rocked the Fed Offers Chance to Reshape It
- After regional chiefs quit, six top jobs are now up for grabs
- Fed has been slammed on diversity -- and split on rate outlook
Eric Rosengren
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
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The resignation of two Federal Reserve chiefs amid a stock-trading scandal means an unexpected number of top monetary-policy jobs are coming up for grabs –- and there’ll likely be an unusually intense spotlight on who fills them.
Eric Rosengren and Robert Kaplan, presidents of the Fed branches in Boston and Dallas, announced their retirement on Monday following disclosures about their trading activity last year.