Fed Governor Warsh Decides to GTFO Now While He Can
A bit short of his 14 year term target, Fed Governor Kevin Warsh put in his two weeks (or month and two weeks, that is) today after just five years of service to the Dirty Fed.
Zimbabwe Ben feels especially grateful for Warsh's companionship, fawning: "Kevin rendered the Federal Reserve and the nation exemplary service during his time at the Board. In particular, his intimate knowledge of financial markets and institutions proved invaluable during the recent crisis. And he worked energetically and effectively behind the scenes overseeing the operations of the Board and the Federal Reserve System. I deeply appreciate his insights and wise counsel and, most especially, his fortitude and friendship during the difficult days, nights, and weekends of the crisis."
Here's his uneventful resignation letter. OMG! Looks like Obama is going to have to fill yet another Fed spot (what's with the exodus?)
Dear Mr President:
I intend to resign my position as a member of the Board of Governors of the Federal Reserve System on or around March 31, 2011.
I am honored to have served at a time of such great consequence.
And I consider myself privileged to have worked alongside Chairman Bernanke, my colleagues on the Board of Governors, fellow members of the Federal Open Market Committee, and the exceptional staff of the Federal Reserve System.
xoxo, Kevin Warsh
(OK, the "xoxo" was creative license on my part)