Fed’s Clarida resigns after latest trading revelations
Vice-chair departs 17 days early after new disclosures about equities sales
Federal Reserve vice-chair Richard Clarida resigned on January 10, a few weeks after he admitted to controversial equities sales as the Covid-19 pandemic was beginning in 2020.
Clarida’s resignation takes effect on January 14, though his term as a member of the board of governors was due to end on January 31 in any case.
Clarida’s exit comes after media discovered that the vice-chair had filed amended asset disclosures on December 16. The forms covered the years 2019 and 2020.
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