US Federal Reserve vice chair to resign amid trading scandal

clock • 1 min read
US Federal Reserve vice chair to resign amid trading scandal

The US Federal Reserve vice chair, Richard Clarida, is set to resign two weeks prior to the end of his term amid renewed scrutiny about trades he made in the early pandemic period in 2020.  The second in command at the US central bank announced that he would resign from the position on 14 January, although he did not specify the reason behind the decision for his early departure.  In his letter to president Biden, he wrote: "With my statutory term as governor due to expire on Jan. 31, 2...

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