NPR

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."

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

You’re reading a preview, subscribe to read more.

More from NPR

NPR2 min read
Tesla Recalls Cybertruck Over Sticky Problem. Blame It On — Yes — Soap
Accelerator pedals on the new Cybertrucks can get stuck, a potentially dangerous production flaw. The reason why they're so sticky is soap.
NPR1 min read
Amsterdam Was Flooded With Tourists In 2023, So It Won't Allow Any More Hotels
Twenty-six hotels that already have permits can move forward, but after that a hotel can only be built if one shuts down. Tourists spent about 20.7 million nights in Amsterdam hotels last year.
NPR3 min readDiet & Nutrition
What World War II Taught Us About How To Help Starving People Today
The modern study of the starvation was sparked by the liberation of concentration camp survivors. U.S. and British soldiers rushed to feed them — and yet they sometimes perished.

Related Books & Audiobooks