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 Joe Biden, he wrote: "With my statutory term as governor due to expire on 31 January 2022, I am writing to inform you that it is my intention to resign from the board on 14 January 2022." According to the New York Times, Clarida had updated his financial disclosures for 2020 at the end of December last year and one of those had raised questions where he sold a stock f...
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