Fed Vice Chairman Richard Clarida To Resign

Clarida’s departure follows criticism of February 2020 financial transactions

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Richard Clarida, vice chairman of the U.S. Federal Reserve, in 2019.

Photo: Al Drago/Bloomberg News

Federal Reserve Vice Chairman Richard Clarida said he would resign from the central bank on Friday. His term on the central bank’s board expires at the end of this month.

His resignation follows questions raised over financial transactions he conducted at the onset of the coronavirus pandemic.

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