FINANCIAL DISCLOSURES: Robert Kaplan, Dallas Fed President, To Retire October 8
Posted on 09/28/2021
Robert (Rob)Steven Kaplan is president and CEO of the Federal Reserve Bank of Dallas and a former long-time Goldman Sachs executive. He was appointed to the position on September 8, 2015. Prior to joining the Dallas Fed, Kaplan was faculty member and dean of the Harvard Business School. Both Fed officials Eric Rosengren and Rob Kaplan had their 2020 financial stock-trading activities publicized. Both agreed to resign from their roles at a near date.
Statement from Rob Kaplan
“It has been my great honor to serve as the President and CEO of the Federal Reserve Bank of Dallas for the past six years and to work with the superbly talented professionals at the Bank who are helping to build a stronger economy for all communities in the Eleventh District and our nation. It also has been a privilege to work with my Federal Reserve System colleagues and serve as a member of the Federal Open Market Committee.
The Federal Reserve is approaching a critical point in our economic recovery as it deliberates the future path of monetary policy. Unfortunately, the recent focus on my financial disclosure risks becoming a distraction to the Federal Reserve’s execution of that vital work. For that reason, I have decided to retire as President and CEO of the Federal Reserve Bank of Dallas, effective Friday, October 8, 2021.
During my tenure, I have adhered to all Federal Reserve ethical standards and policies. My securities investing activities and disclosures met Bank compliance rules and standards.
I am proud of the work we have done at the Dallas Fed during the past six years and am confident that my colleagues will continue to play a vital role in supporting our nation’s economic recovery.”
Dallas Fed First Vice President Meredith Black agreed to delay her impending retirement to serve as interim president during this transition.
Keywords: Federal Reserve System.
