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Boston Fed President Eric Rosengren resigns

Boston Fed President Eric Rosengren, one of the senior Fed officials caught up in the trading disclosures scandal earlier this month, has abruptly decided to retire on Sept. 30, according to ZeroHedge.

Rosengren's earlier retirement coincides with an ongoing review of policies concerning trading activities of reserve bank presidents after recent reports that Rosengren and Dallas Fed President Rob Kaplan traded individual stocks or ETFs last year. He cited a health condition in accelerating by nine months what would've been a mandatory retirement.

His first vice president, Kenneth Montgomery, will assume the role of interim president and CEO of the Boston Fed bank until a permanent replacement can be found.

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