Elizabeth Duke Resigns for Fed Board of Governors
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Elizabeth A. Duke submitted her resignation Thursday as a member of the Board of Governors of the Federal Reserve System, effective August 31, 2013.
"Betsy has made invaluable contributions to the Federal Reserve and to the country during her five years at the Board," said Federal Reserve Chairman Ben S. Bernanke. "She brought fresh ideas grounded in her deep knowledge of the banking industry and the real-world dynamic between borrowers and lenders. I wish her the best in her future endeavors."
While not market moving in an of itself, the news could bring back chatter around the exit of Mr. Bernanke from the Fed when his term expires on January 31, 2014.
"Betsy has made invaluable contributions to the Federal Reserve and to the country during her five years at the Board," said Federal Reserve Chairman Ben S. Bernanke. "She brought fresh ideas grounded in her deep knowledge of the banking industry and the real-world dynamic between borrowers and lenders. I wish her the best in her future endeavors."
While not market moving in an of itself, the news could bring back chatter around the exit of Mr. Bernanke from the Fed when his term expires on January 31, 2014.
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