The second-longest serving president of the Federal Reserve´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 don´t believe Parry´s departure will change the course of monetary policy, now dominated by Federal Reserve Chairman Alan Greenspan.
This post was last modified on 01/31/2009 4:53 pm