Atlanta Fed President Lockhart Announces He Is Stepping Down

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

And so another Fed president has decided to call it a day, when moments ago, Dennis Lockhart, president of the Atlanta Fed, announced he would step down on February 28, 2017. Either Dennis is not too excited with the path the Fed is on, or the Atlanta Fed’s uncanny accuracy in predicting GDP finally forced the copycat NY Fed to demand a scalp.
That said, we doubt the Atlanta Fed will be headless for too long: we are confident the line of (soon to be former) Goldman employees submitting their resumes to fill his slot is already around the block.
From the full release:
Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, today announced his intention to step down from his position effective February 28, 2017. After nearly 10 years of service at the Atlanta Fed, Lockhart plans to continue to pursue interests in public policy, civic work and private business.

This post was published at Zero Hedge on Sep 13, 2016.