Summary Box: Kohn to exit Fed at the end of June, providing fresh opening for Obama
By APMonday, March 1, 2010
Summary Box: Kohn to step down at end of June
VETERAN STEPPING DOWN: Vice Chairman Donald Kohn, whose Fed career spans 40 years, plans to leave at the end of June.
BIGGER IMPRINT FOR OBAMA: There are two vacancies on the Federal Reserve already, and Kohn’s departure will open up a third. That gives President Barack Obama a chance to enlarge his stamp on the central bank.
POWER OVER POCKETBOOKS: Interest-rate decisions by Fed policymakers influence the economy, inflation and employment.
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