JJ.G0ldD0t
9th August 2011, 10:08 AM
http://www.bloomberg.com/news/2011-08-08/fed-s-d-nathan-sheets-resigns-as-bernanke-s-chief-international-adviser.html
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The Federal Reserve (http://topics.bloomberg.com/federal-reserve/) said D. Nathan Sheets quit as the central bank’s chief international economic adviser after almost four years in the position and a day before policy makers meet.
The Fed, in a statement today in Washington, didn’t say why Sheets, 46, is leaving the institution. As director of the Division of International Finance, Sheets briefed Chairman Ben S. Bernanke (http://topics.bloomberg.com/ben-s.-bernanke/) and other officials on economic developments outside the U.S. and represented the Fed at international meetings.
Steven B. Kamin, a deputy director of the division, will serve as acting director, the Fed said.
Sheets is leaving as European leaders take action to avert a widening of the continent’s sovereign debt crisis and U.S. officials gauge reaction to the Aug. 5 downgrade of the country’s AAA credit rating by Standard & Poor’s (http://topics.bloomberg.com/standard-%26-poor%27s/). The Federal Open Market Committee (http://topics.bloomberg.com/federal-open-market-committee/) meets tomorrow in Washington.
“Nathan has provided invaluable insight and stellar leadership at a time of great volatility in the world economy,” Bernanke said in a statement. “We thank him for his dedicated service and wish him well.”
snip
The Federal Reserve (http://topics.bloomberg.com/federal-reserve/) said D. Nathan Sheets quit as the central bank’s chief international economic adviser after almost four years in the position and a day before policy makers meet.
The Fed, in a statement today in Washington, didn’t say why Sheets, 46, is leaving the institution. As director of the Division of International Finance, Sheets briefed Chairman Ben S. Bernanke (http://topics.bloomberg.com/ben-s.-bernanke/) and other officials on economic developments outside the U.S. and represented the Fed at international meetings.
Steven B. Kamin, a deputy director of the division, will serve as acting director, the Fed said.
Sheets is leaving as European leaders take action to avert a widening of the continent’s sovereign debt crisis and U.S. officials gauge reaction to the Aug. 5 downgrade of the country’s AAA credit rating by Standard & Poor’s (http://topics.bloomberg.com/standard-%26-poor%27s/). The Federal Open Market Committee (http://topics.bloomberg.com/federal-open-market-committee/) meets tomorrow in Washington.
“Nathan has provided invaluable insight and stellar leadership at a time of great volatility in the world economy,” Bernanke said in a statement. “We thank him for his dedicated service and wish him well.”