Stockton retires from FRB

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David Stockton, director of the division of research and statistics at the Federal Reserve Board (FRB), will retire on September 30. He has held the post for 11 years, overseeing the division's 325 staff members and responsible for briefing the Federal Open Markets Committee (FOMC) on the outlook for the US economy. He has worked under both Ben Bernanke and Alan Greenspan.

Stockton has been with the FRB for 30 years, having joined in 1981 as an economist in the wages, prices and productivity

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