dove

Simone Baribeau

Another dove flies away. Donald Kohn, the Vice Chairman of the federal reserve board, has announced that he will step down come June, leaving the board shy three members.

Mr Kohn is one of the last remaining dove governors. Another dove, Frederic S. Mishkin, resigned in August 2008. The other governor whose seat is still empty is Randall S. Kroszner, who stepped down in January 2009. (Mr Kroszner, who made few comments directly on monetary policy, was no dove: his most remembered statement on rates at the beginning of the financial crisis was unmistakably hawkish).

Left on the board