IPFS News Link • Federal Reserve
FED President Resigns After Admission to Leaking Confidential Info
• http://www.dcclothesline.comRichmond Federal Reserve President Jeffrey Lacker resigned on Tuesday after admitting that he may have disclosed confidential information about Fed policy options to a Wall Street analyst in 2012.
"It was never my intention to reveal confidential information," Lacker said in a statement.
The conversation took place in 2012 with an analyst from Medley Global Advisors.
Mr. Lacker claims that he "may have contravened the External Communications Policy, which prohibits providing any profit-making person or organization with a prestige advantage over its competitors."