Tuesday, April 4, 2017

Richmond Fed President Lacker says he was involved with Medley leak, announces immediate resignation

Richmond Fed President Lacker says he was involved with Medley leak, announces immediate resignation: Richmond Federal Reserve President Jeffrey Lacker announced his immediate resignation Tuesday, admitting that he discussed sensitive information with an analyst regarding the Fed's plans for economic stimulus.

Lacker, 61, became president and CEO of the Federal Reserve Bank of Richmond on Aug. 1, 2004. He is a member of the policy-setting Federal Open Market Committee. CNBC has learned that the resignation was negotiated with law enforcement officials. Lacker's attorney told CNBC no charges will be filed.

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