Richmond 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."

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