WASHINGTON (MNI) – The following is the text of a statement
Friday from the Federal Reserve:
Vice Chairman Donald L. Kohn announced on Friday that, at the
request of Federal Reserve Chairman Ben S. Bernanke, he plans to remain
on the Board until a new Governor is appointed but to leave no later
than September 1. He had announced in March that he intended to resign
at the expiration of his term as Vice Chairman on June 23, 2010. While
he remains on the Board as a Governor, he will continue to participate
in all Board and Federal Open Market Committee meetings.
** Market News International Washington Bureau: 202-371-2121 **
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