Digital dollar advocate will retire as Dallas Fed president By Cointelegraph


Digital dollar advocate will retire as Dallas Fed president

Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after more than six years.

In a Monday announcement, the Dallas Fed said that Kaplan, its thirteenth president and CEO, would be retiring beginning Oct. 8. The 64-year-old cited recent attention to his “financial disclosure risks” in his decision to step down, likely referring to news outlet reports that he had traded stocks in companies including Apple (NASDAQ:), Alibaba (NYSE:), Amazon (NASDAQ:), Facebook (NASDAQ:), Google (NASDAQ:) and Tesla (NASDAQ:) in 2020 while casting his vote on United States monetary policy.