Fed’s Rosengren to Retire Earlier Than Planned on Sept. 30

Rosengrant is resigning from the Fed due to health issues, specifically a longstanding kidney problem exacerbated by COVID-19. However, his resignation coincides with a controversy over asset trading during the financial crisis, raising questions about the true reasons behind his departure. An internal investigation is underway to determine if any ethical violations occurred. The governance structure of the Fed and its ability to influence bank presidents is also discussed.

What is the primary reason Rosengrant cites for his resignation?

• Pressure from colleagues

• Health issues

• Financial misconduct

• Mandatory retirement

What complicates the perception of Rosengrant's resignation?

• His relationship with Mr. Kaplan

• His long tenure

• His academic background

• Asset trading during the financial crisis

What is notable about Rosengrant's career before his resignation?

• He had a short tenure

• He had no academic background

• He was an important voice since 2007

• He was a newcomer to the Fed

What is the role of ethics officers in the context of the resignations?

• They opposed the resignations

• They approved the actions in advance

• They initiated the resignations

• They were unaware of the actions

Who holds the decision-making power in the ethics debate regarding bank presidents?

• The ethics officers

• The regional board and the Fed Board of Governors

• The Fed Board of Governors

• The President of Brown University