Fed Vice Chairman Kohn To Step Down In June

@laglen (19759)
United States
March 1, 2010 9:43am CST
WASHINGTON -- Federal Reserve Vice Chairman Donald Kohn will resign from the Fed on June 23 after 40 years of work at the central bank and at its regional banks, the Fed said Monday. Kohn, 67, has been on the Fed's board since 2002 and has been vice chairman since 2006. Kohn was a top economic adviser to then-Fed Chairman Alan Greenspan before joining the board as a governor. Kohn's resignation would leave three vacancies on the seven-member board. What is your opinion? He could be leaving simply because he is 67n and has had enough. But I think more and more people do not want their name attached to all of the crap in Washington. I think it is the latter. What is your opinion?
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3 responses
gewcew23
@gewcew23 (8007)
• United States
1 Mar 10
He needs to take Ben Bernanke with him. As to Kohn 40 years at any place of employment is too long. I do not know who anyone could work at a place, especially with the Government for 40 years.
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laglen
@laglen (19759)
• United States
1 Mar 10
Thats kind of why I figured he has just had enough.
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hofferp
@hofferp (4734)
• United States
1 Mar 10
My first reaction to this story was he was leaving before "it all comes tumbling down". I was also interested in the fact that there are so many vacancies. Who would want to step in right now, before it all comes tumbling down?
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laglen
@laglen (19759)
• United States
1 Mar 10
Maybe people who would truly like to make a difference. But very brave and fool hearted
clrumfelt
@clrumfelt (5597)
• Tennessee Ridge, Tennessee
1 Mar 10
It's probably a combination of both. Many politicians, both rep and dem, are realizing that life is too short to waste their time on public service when they feel they are no longer allowed to serve the public's interest. I think that is the reason for so many decisions to get out of office and not run again.
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laglen
@laglen (19759)
• United States
1 Mar 10
I agree and I also believe that this is on both sides of the aisle.
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