Lacker's sudden resignation . . . - UOB

Analysts at UOB Group noted that the big surprise on Tuesday (4 Apr) was the sudden resignation of Richmond Fed President, Jeffrey Lacker (non-voter in 2017 FOMC) as he disclosed his role in the leak of confidential information concerning the September 2012 FOMC meeting information, admitting to disclosing . 

Key Quotes:

"Lacker said “I regret that in this instance I crossed the line to confirming information that should have remained confidential…In 2012, my conduct was inconsistent with those important confidentiality policies.” Lacker added that he also failed to report to the Federal Open Market Committee that the analyst was in possession of confidential FOMC information. Lacker joined the Federal Reserve Bank of Richmond in 1989 and served as the Richmond Fed president since 1 Aug 2004. He originally announced he would retire from the Fed Reserve on 1 Oct 2017."