Head Of Federal Reserve's Richmond Bank Resigns Over 'Improper Disclosure'
Jeffrey Lacker was under investigation for possibly disclosing confidential information to a Wall Street analyst in 2012. The bank president now says he regrets the role he "may have played."
by Camila Domonoske
Apr 04, 2017
2 minutes
The president of the Federal Reserve Bank of Richmond has resigned after being investigated for potentially disclosing confidential information to a Wall Street analyst in 2012.
Jeffrey Lacker, who has led the bank in Virginia for more than a decade, did not admit to directly
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