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Chairman Johnson’s Statement on Resignation of Federal Reserve Board Governor Susan Bies

Alexandria, Va., February 9, 2007 -- Federal Reserve Board Governor Susan Schmidt Bies brought an extraordinary wealth of experience and operational knowledge to her duties at the Federal Reserve. She translated her private sector experience into tenure on the Federal Reserve Board that had great public benefit and for that we should all be grateful. While I am confident that the Fed will find someone of high caliber to fill this seat, Dr. Bies will be difficult to replace.
 
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