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Federal Reserve Governor Randall Kroszner said he will depart this month, giving President-elect Barack Obama an opportunity to put his stamp on the central bank.
After nearly three years at the Fed, Kroszner will step down on Jan. 21, a week before the central bank’s next scheduled meeting. Kroszner, 46, will return to his post as a professor at the University of Chicago’s Booth School of Business.
He continued to serve at the Fed, during a time of great economic and financial upheaval, though his term expired last year.
Obama has nominated Daniel Tarullo, a Georgetown law professor, to fill one of now three vacant seats on the Fed board.
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Compiled from Tribune staff, wire reports
