Kohn to leave Fed in June

don-kohn

Donald Kohn, the vice chairman of the Federal Reserve, on Monday said he would leave the central bank once his term expires in June.

Kohn has been a governor since August 2002 and vice chairman since June 2006. He was expected to step down at the end of his term at vice chairman, though he could have remained a governor until 31 January 2016.

"Kohn's very well regarded," Lou Crandall, the chief economist at Wrightson ICAP, a research firm, told CentralBanking.com. "He's extremely sensible and on

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