Richard Clarida, vice president of the Federal Reserve, resigns after being indicted for trading operations carried out at the beginning of the pandemic. The US central bank announced on Monday that Clarida, whose four-year term would expire at the end of this month, would be leaving her position as early as Friday, January 14. Clarida’s resignation follows reports from last week attesting to the fact that the official in 2020 had been more active in the financial markets than he had initially disclosed.
His exit from the scene is the third, in the Fed, linked to the scandal. Eric Rosengren and Robert Kaplan, formerly at the helm of two branches, resigned in September. In the fall, it was discovered that the two had frequently bought and sold individual stock last year, while also holding stakes in various investment funds. Clarida, meanwhile, moved between $ 1 and $ 5 million from a bond fund into an equity fund just days before the Fed announced emergency measures to shore up financial markets as the Covid-19 crisis escalated.