Elizabeth Duke, Fed Governor, Plans to Step Down [1]

The New York Times - 7/11/13, Binyamin Applebaum

Elizabeth A. Duke was nominated by President George W. Bush and has served as a Federal Reserve governor since 2008. Tami Chappell/Reuters

WASHINGTON — Elizabeth A. Duke, a Federal Reserve governor who has helped to overhaul the Fed’s approach to financial regulation, said on Thursday that she would step down at the end of August.

She did not offer a reason for leaving, nor did she describe her plans. Her term ended last January, but governors can remain in office until a replacement is nominated, and the Obama administration had not sought her departure.

More: The New York Times [2]