ICYMI: Kaplan and Rosengren announced their resignations in the wake of Fed trading scandal
All swept under the carpet
While there will still be public scrutiny on the Fed and on both Kaplan and Rosengren, this may be the end of it as the central bank looks to bury this whole incident.
The disturbing part is that one can expect the two to feature or perhaps move on to hedge funds and private equity firms in the next year or so.
In terms of policy impact, Rosengren is one that leaned towards being more hawkish and he was set to be a voting member next year. As for Kaplan, he was due to be a voting member in 2023 so his resignation is one that is less impactful in this case.