Cleveland Fed President Jordan to retire

US - Jerry L. Jordan announced on Tuesday that he plans to retire as president of the Federal Reserve Bank of Cleveland effective 31 January, 2003.

"I have truly enjoyed the opportunity to serve as a policymaker and to work with esteemed colleagues on the Federal Open Market Committee and here at the Cleveland Reserve Bank. But I have decided that it's time to let someone else have the opportunity to serve," said Jordan, 60, who is looking forward to spending more time with his family.

David Ho