New York Fed Chairman Stephen Friedman's Resignation Letter

More great work from WSJ:

Stephen Friedman, chairman of the Federal Reserve Bank of New York’s board of directors, has resigned effectively immediately.

Mr. Friedman notified New York Fed President William Dudley and Fed Chairman Ben Bernanke of his decision, in a letter Thursday. Mr. Friedman, who was the subject of a recent Wall Street Journal article that raised questions about his ties to Goldman Sachs Group Inc., said his role at the central bank has been maligned.

For details about Friedman’s questionable transactions in GS stock, see WSJ’s first article on the topic.

Friedman Resignation Letter Popout

Comments

[Jasper M:]

I seem to remember aomeone being skeptical about my earlier assertion of a coming divergence of agenda, and disintegration of connections, between the Feds and the banks. Can I stop holding my breath for you now, Alan?

May 08 01:59 AM