Chicago Fed Board Chief Can Continue After Exit From Private Sector Firm Under Investigation – Wall Street Journal

The chairwoman of the board of directors of the Federal Reserve Bank of Chicago can continue in that role while her former employer is the subject of a federal probe, the regional Fed bank said. Anne Pramaggiore abruptly retired Oct. 15 from her job as chief executive of the utilities unit of Exelon Corp. , the largest operator of nuclear plants in the U.S., less than a week after Exelon Corp. said it had received a second grand-jury subpoena from federal prosecutors looking into its lobbying activities in Illinois. Ms. Pramaggiore has served on the Chicago Fed’s board since 2014 and as its chair since 2017.