The only think seriously befuddling about this post, was why Jeffery Lacker upon his admission was allowed to choose when he would retire rather beeing ordered to clear out his desk, taking all keys and passes, immediately escorting from the building on the the street.
Lacker must be put before a grand jury and if indicted tried until he is convicted or proved innocent.
The Mises Institute
April 4, 3017
Federal Reserve Bank of Richmond President Jeffrey Lacker announced Tuesday that he was leaving the Fed immediately, acknowledging his role in a high-profile leak regarding a major Fed interest rate decision in 2012.
In a statement, Lacker said he regretted that he “crossed the line to confirming information that should have remained confidential.”
Lacker had already announced his intention to leave the Fed system in January.