James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019.
Luke MacGregor | Bloomberg | Getty Images
The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug. 14.
The bank said he’s leaving to take a position at Purdue University, effective Aug. 15. It also added that Bullard has “recused himself from his monetary policy role on the Federal Reserve’s Federal Open Market Committee and other related duties and has ceased all public speaking.”
“It has been both a privilege and an honor to be part of the St. Louis Fed for the last 33 years, including serving as its president for the last 15 years,” Bullard said in a statement. “I am also grateful to have worked alongside such dedicated and inspiring colleagues across the Federal Reserve System.”
The St. Louis Fed said it will hire a “national executive search firm” to assist in the search for Bullard’s replacement.
This is breaking news. Please check back for updates.
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