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St. Louis Fed's Poole to retire in March 2008


Published :
Mon, 10 Sep 2007 21:26
By : Agencies
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WASHINGTON (Thomson Financial) - The St. Louis Federal Reserve Bank's President William Poole will be retiring next March, and the Fed has begun the search for a successor, the bank announced today.

Poole, who is 70, assumed the presidency in March 1998 and is required to retire after 10 years. The St. Louis Fed's Board chairman, Irl Englehardt, will head the search committee.

Englehardt said in a statement the committee's goal was to find a new president who would 'help the St. Louis Bank play an important role in the Federal Reserve System as it adapts to a changing operating environment.

dennis.moore@thomson.com

dem/wash

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