Lacker to retire from Fed after 28 years

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Jeffrey Lacker will retire from the Federal Reserve on October 1

Jeffrey Lacker is to step down as president of the Federal Reserve Bank of Richmond in October, the bank announced on January 10. After a 28-year career at the central bank, Lacker will retire from public service. The bank's board of directors has formed a committee in conjunction with search firm Heidrick and Struggles to find a replacement. "It's been an honour to serve the Federal Reserve," Lacker said in a statement. "I feel fortunate to... have participated in some of the most extraordin