People: Dennis Lockhart to stand down; Buch becomes Irving Fisher committee chair

Atlanta Fed president quits after 10 years at bank

Dennis Lockhart is to step down in February

US: Federal Reserve Bank of Atlanta president Dennis Lockhart on September 13 revealed his intention to stand down.

Lockhart said he would leave the role on February 28, 2017, "to pursue interests in public policy, civic work and private business". He has been at the Atlanta Fed for nearly 10 years.

Thomas Fanning, who chairs the Atlanta Fed's board of directors, praised Lockhart's "outstanding leadership" and his efforts to promote a better understanding of monetary policy within the district.

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