Fed Governor Lindsey to Step Down
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Times Staff and Wire Reports
Federal Reserve Board Gov. Lawrence Lindsey announced his resignation from the seven-member board that shapes the country’s monetary policy and regulates part of its banking system. In his resignation letter to President Clinton, Lindsey said his resignation will take effect Feb. 5. Lindsey, 42, will join the American Enterprise Institute, a conservative Washington think tank, where he will become a resident scholar and holder of the Arthur F. Burns Chair in Economics. He was appointed to the board by President Bush in 1991.
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