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Kaplan Steps Down as Dallas Fed Chief, Hours After Rosengren

Published 2021-09-28, 12:10 a/m
Updated 2021-09-28, 12:10 a/m
© Bloomberg. Robert Kaplan Photographer: Derick E. Hingle/Bloomberg

© Bloomberg. Robert Kaplan Photographer: Derick E. Hingle/Bloomberg

(Bloomberg) -- Federal Reserve Bank of Dallas President Robert Kaplan will retire on Oct. 8 in the wake of embarrassing disclosures earlier this month about unusual trading activity.

“Unfortunately, the recent focus on my financial disclosure risks becoming a distraction,” Kaplan said in a statement emailed by the Dallas Fed. “For that reason, I have decided to retire.”

His announcement came hours after the Boston Fed said Eric Rosengren will retire on Thursday.  

©2021 Bloomberg L.P.

© Bloomberg. Robert Kaplan Photographer: Derick E. Hingle/Bloomberg

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The whole American institution, political, financial is one big sewer
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