Head Of Federal Reserve's Richmond Bank Resigns Over 'Improper Disclosure'

Jeffrey Lacker was under investigation for possibly disclosing confidential information to a Wall Street analyst in 2012. The bank president now says he regrets the role he "may have played."

The president of the Federal Reserve Bank of Richmond has resigned after being investigated for potentially disclosing confidential information to a Wall Street analyst in 2012.

Jeffrey Lacker, who has led the bank in Virginia for more than a decade, did not admit to directly revealing information about policy options

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