Two Fed Presidents Resign In Disgrace; Are Jerome Powell And Nancy Pelosi Next?
The resignations, tendered under the guise of focusing on "health problems" and avoiding "distractions", all but validate that something grossly unethical is taking place at the Fed.
No sooner did I ask this morning whether or not Dallas Fed President Robert Kaplan would be joining Boston Fed President Eric Rosengren in resigning, than Kaplan did exactly that.
Rosengren’s prompt departure for “health reasons” can’t help but leave me wondering whether or not we are going to see additional departures from the Fed…