Johnson leaves the Fed

Karen Johnson, director of the Division of International Finance at the Federal Reserve Board, will step down after nearly a decade in this position.

The Fed announced on 30 May that Johnson will retire at the end of October this year, after 28 years of service with the American central bank.

Commenting on her departure, Fed chairman Ben Bernanke said: "Karen's leadership of her division and her insight into the workings of the global economy have been of immeasurable value."

As head of Interna

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