Econintersect: Elizabeth A. Duke submitted her resignation Thursday as a member of the Board of Governors of the Federal Reserve System, effective August 31, 2013. Federal Reserve Chairman Ben S. Bernanke stated:
"Betsy has made invaluable contributions to the Federal Reserve and to the country during her five years at the Board. She brought fresh ideas grounded in her deep knowledge of the banking industry and the real-world dynamic between borrowers and lenders. I wish her the best in her future endeavors."
She was confirmed by the Senate June 27, 2008 to fill an unexpired term ending January 31, 2012. Her replacement has not been confirmed yet by the Senate. Her letter of resignation.