The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (35155)	2/11/2011 11:30:03 AM
From: DebtBomb	1 Recommendation Read Replies (1) of 71456

Inflation hawk Fed-head quits. Fed official Kevin Warsh resigns Annalyn Censky, staff reporter, On Thursday February 10, 2011, 11:45 am EST Federal Reserve Governor Kevin Warsh is stepping down from the central bank's board. Considered one of the most hawkish members of the Fed because he's vigilant about inflation risks, Warsh has served on the Fed's board since 2006. "I am honored to have served at a time of great consequence," Warsh wrote in his letter delivered to President Obama on Thursday. "I deeply appreciate his insights and wise counsel and, most especially, his fortitude and friendship during the difficult days, nights, and weekends of the crisis." Federal Reserve Board Chairman Ben S. Bernanke said in an official statement. It is unclear why Warsh resigned. He will officially leave his post at the end of March; his term was scheduled to expire in 2018. Warsh's resignation creates a second vacancy on the seven-member Fed board in Washington finance.yahoo.com

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