Regional Fed banks prepare for aging of the guard

ARTICLE - This article looks at a possible 'seismic' shift in the make up of the Federal Reserve's policy making board. Both the Richmond and San Francisco Fed governors are due to step down next year while Alan Greenspan may not stay beyond 2004.

First published by Reuters, 27 February.

The normally static Federal Reserve is about to undergo a relatively dizzying pace of change as two regional Fed banks look forward to a process the New York Fed has begun -- the search for a new president.

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