Richmond Fed’s Lacker Resigns Amid 2012 Leak Probe

The transcript discusses Jeffrey Lacker's career at the Richmond Fed, his involvement in a controversy regarding the release of confidential information, and the subsequent investigation. It highlights Lacker's role in the FOMC, his hawkish stance on inflation, and the process of selecting his successor. The discussion also touches on transparency issues within the Federal Reserve and interactions with market analysts.

What process is followed to appoint a new president for the Richmond Fed?

What concerns were raised regarding transparency in the Federal Reserve following Lacker's case?