Fed's Lacker Quits Today After Improper Disclosure

Bloomberg -------- Federal Reserve Bank of Richmond President Jeffrey Lacker is resigning immediately, six months sooner than previously announced, and said he regrets his role in disclosing confidential information related to the U.S. central bank’s deliberations in 2012, according to a statement on Tuesday. “In 2012, my conduct was inconsistent with those important confidentiality policies,” Lacker said in the statement sent by the law firm McGuireWoods in Richmond, Virginia. “I regret that in this instance I crossed the line to confirming information that should have remained confidential.” To learn more click on the picture below to read the article.