Fed's Gramlich starts treatment for cancer

US - Federal Reserve Governor Edward Gramlich will begin out-patient treatment for a form of leukemia next week and medical experts believe his prognosis is good, the Federal Reserve said on Friday in a press release.

"While he will take time off for each treatment, he will continue to fulfill his duties as a Board member," the Fed said in a brief statement. Fed spokeswoman Michelle Smith said there was no reason to expect Gramlich will miss Federal Reserve meetings because of his condition.


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