By Michael S. Derby
NEW YORK (Reuters) - The Federal Reserve Bank of St. Louis on Monday said it has formally launched a search to replace former leader James Bullard, who left the bank earlier this month.
Jim McKelvey, who is the chairman of the St. Louis Fed board of directors and will head the search committee, in a press release said the effort to find a successor "will be robust, transparent, fair and inclusive."
Bullard, who had been the longest-serving Fed policymaker, left the St. Louis Fed to become a business school dean at Purdue University