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Sept. 27, 2021, 4:13 p.m. EDT

Dallas Fed's Kaplan, under scrutiny for 2020 trading activity, to retire Oct. 8

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By Victor Reklaitis

The Dallas Federal Reserve announced Monday that its president, Rob Kaplan, will retire from the regional bank on Oct. 8. The departure comes after Kaplan and Boston Fed President Eric Rosengren drew flak for their trading of individual securities. Kaplan said in a statement that "the recent focus on my financial disclosure risks becoming a distraction" to the U.S. central bank's work. Rosengren announced earlier Monday that he will retire on Thursday.

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