The second-longest serving president of the Federal ReserveÂ´s 12 regional banks is retiring.
Robert Parry, who heads the Federal Reserve Bank of San Francisco will retire June 1. Parry is also a voting member of the Fed panel that sets interest rates. Parry, who has headed the San Francisco bank since February 1986, will be 65 in May.
Analysts say they donÂ´t believe ParryÂ´s departure will change the course of monetary policy, now dominated by Federal Reserve Chairman Alan Greenspan.