Fed Gov. Elizabeth Duke Announces Resignation

Law360, New York (July 11, 2013, 7:44 PM EDT) -- Elizabeth A. Duke, one of seven governors of the Federal Reserve Board who helped craft sweeping changes to federal monetary policy in the wake of the 2008 financial crisis, announced her resignation Thursday, ending a five-year tenure.

Duke said in a letter to President Barack Obama that she would step down at the end of August. She was appointed to the board in 2008 by President George W. Bush and had previously been a senior executive vice president and chief operating officer of TowneBank.

"The five...
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