Dallas Fed's Kaplan, under scrutiny for 2020 trading activity, to retire Oct. 8

The Dallas Federal Reserve announced Monday that its president, Rob Kaplan, will retire from the regional bank on Oct. 8. The departure comes after Kaplan and Boston Fed President Eric Rosengren drew flak for their trading of individual securities. Kaplan said in a statement that "the recent focus on my financial disclosure risks becoming a distraction" to the U.S. central bank's work. Rosengren announced earlier Monday that he will retire on Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Dallas Fed's Kaplan, under scrutiny for 2020 trading activity, to retire Oct. 8
The Dallas Federal Reserve announced Monday that its president, Rob Kaplan, will retire from the regional bank on Oct. 8. The departure comes after Kaplan and Boston Fed President Eric Rosengren drew flak for their trading of individual securities. Kaplan said in a statement that "the recent focus on my financial disclosure risks becoming a distraction" to the U.S. central bank's work. Rosengren announced earlier Monday that he will retire on Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.