Financial Regulatory Forum

U.S. Fed Vice Chairman Kohn to step down, Obama gets chance to reshape

By Reuters Staff
March 1, 2010

By Mark Felsenthal

WASHINGTON, March 1 (Reuters) – Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a chance to reshape the institution.

Fed’s Kohn warns on interest rate risk

By Reuters Staff
January 29, 2010

By Karey Wutkowski

ARLINGTON, Va., Jan 29 (Reuters) – A senior U.S. Federal Reserve official warned on Friday that the uncertain path of interest rates poses risks for banks inattentive to the match of durations among their assets and liabilities.