Fed to lose monetary affairs chief


Brian Madigan, the director of monetary affairs at the Federal Reserve, will leave his post in July, after more than 30 years of service, including three years as head of the division.

Madigan will be succeeded by William English, the deputy director of the division since February 2008, effective 23 July.

Madigan's retirement is the second high-level departure announced in recent months. Donald Kohn, the Fed vice chairman and a former head of the monetary-affairs group, also plans to retire in J

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