New York (CNN Business) The heads of the Boston and Dallas Federal Reserve banks announced they would be retiring early amid backlash over personal investing decisions that raised conflict-of-interest concerns. Eric Rosengren, the Boston Fed chief, cited health concerns Monday in announcing he would step down about a year earlier than planned. Making lifestyle changes now will delay the need for dialysis, according to the statementLater Monday, Dallas Fed chief Robert Kaplan followed suit, saying in a statement that his retirement would take effect October 8. "The Federal Reserve is approaching a critical point in our economic recovery as it deliberates the future path of monetary policy. For that reason, I have decided to retire as President and CEO of the Federal Reserve Bank of Dallas," Kaplan said in the statementRead More

Source: CNN September 27, 2021 16:39 UTC