No. 2 person leaving Federal Reserve Board

[kpete]

No. 2 person leaving Federal Reserve Board
By Associated Press
Wednesday, February 22, 2006 - Updated: 01:41 PM EST

WASHINGTON - Federal Reserve Governor Roger Ferguson, who played a key role in shepherding the nation’s financial system through the 2001 terror attacks, is leaving the central bank near the end of April.

Currently vice chairman, Ferguson, 54, has been with the Fed since 1997. He was first appointed to his Fed post by President Bill Clinton and then re-appointed by President Bush.

Ferguson’s resignation will take effect on April 28, the Fed said in a statement.

The opening will give President Bush another chance to further his imprint on the central bank. Bush picked the Fed’s new chairman, Ben Bernanke as well as two other new members - Randall Kroszner and Kevin Warsh.

http://business.bostonherald.com/businessNews/view.bg?articleid=127508

[Norquist Nemesis]

1. The last Democrat on the board

:cry: