Fed's Bies, policy centrist, to step down
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Federal Reserve Governor Susan Bies, a banking expert and monetary-policy centrist, will step down on March 30, the central bank said on Friday, marking the third top Fed official to announce a departure this year.
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John Taylor, the U.S. Treasury's point man on international issues, once touted as a possible successor to Fed Chairman Alan Greenspan, is expected to step down and be replaced by senior Bush campaign adviser Tim Adams, people close to the matter said on Monday.
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The Federal Reserve, it became plain yesterday, is a house divided.
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Federal Reserve policy-makers started a one-day meeting on Tuesday that was widely expected to end with Chairman Ben Bernanke's first interest rate cut.
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The International Monetary Fund's managing director, Rodrigo de Rato, is to step down in October.
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Bodil Nyboe Andersen, the first woman to lead Denmark's central bank, said Friday she'll retire next year after about a decade in the post.
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The Federal Reserve&#39;s move to slash  interest rates by a half-percentage point signals that Chairman  Ben Bernanke, fearing broad damage from recent market turmoil,  preferred to risk doing too much rather than too little, the  Wall Street Journal reported in its online edition.
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The Federal Reserve's direction was once fairly predictable; now the experts differ.
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WASHINGTON - Federal Reserve chairman Ben Bernanke moved yesterday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses.
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The winner of November's presidential election will get to pick someone to succeed Federal Reserve Chairman Alan Greenspan.
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The Federal Reserve is expected to cut interest rates by a quarter point Wednesday.
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Robert McTeer, president of the Federal Reserve Bank of Dallas, is leaving after 13 years to become chancellor of the Texas A&amp;M System.
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A decision by the state&#39;s tightfisted finance director to step down has fueled speculation inside the Capitol about a possible shift on spending issues by Gov.
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The Bush administration's point person for the giant Medicare and Medicaid health programs, Dr. Mark McClellan, is stepping down, the White House said on Tuesday.
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The US Federal Reserve is widely expected to cut interest rates this week, maybe by 50 basis points.
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Secretary of Veterans Affairs Jim Nicholson announced his resignation today, saying he would step down from his post as head of the federal government's second-largest department no later than October 1.
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Joseph Yam will step down as chief executive of the Hong Kong Monetary Authority (HKMA), the territory's de-facto central bank, in 2009, government sources said on Sunday.