Fed Vice Chairman Resigns, Adding to Turnover at Top

Published on:
12 September 2006 at 10:20 a.m. ET

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http://www.insidearm.com/news/00011945-fed-vice-chairman-resigns-adding-to-turno/

By Nell Henderson, Washington Post

Federal Reserve Board Vice Chairman Roger W. Ferguson Jr. said yesterday that he will step down this spring, giving President Bush another opening to fill on the panel at a time of transition at the central bank.

Ferguson’s announcement came just three weeks after Ben S. Bernanke succeeded Alan Greenspan as Fed chairman and leaves the Fed without the crisis-management experience of the top two officials who had led the central bank through international financial turmoil and terrorist attacks over the past eight years.

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