Two Federal Reserve officials whose personal stock trading has triggered a review of the central bank's ethics rules say they will leave their posts this year. Boston Fed President Eric Rosengren says he will depart Thursday because of a health problem, and Dallas Fed President Robert Kaplan says he will leave Oct. 8 because of distraction caused by the controversy.

The Federal Reserve is conducting an ethics review, as requested by Chair Jerome Powell, in light of concerns about share trading last year by Federal Reserve Bank of Dallas President Robert Kaplan and Federal Reserve Bank of Boston President Eric Rosengren. Kaplan and Rosengren say they will offload shares in question, but there are concerns the issue might impair the Fed's asset purchases and work on controlling inflation.

Robert Kaplan, president of the Dallas Federal Reserve Bank, and Eric Rosengren, president of the Boston Fed, said they will sell their individual stock holdings and place their investments in passive products to avoid the appearance of conflict of interest. The pair said they will refrain from share trading as long as they hold positions as presidents of Fed banks.

The more hawkish members of the Federal Reserve's governing board are speaking out publicly in favor of scaling back the central bank's bond-buying program, which they believe may be doing nothing to help the economy and could be harming it. St. Louis Federal Reserve President James Bullard, Kansas City Fed President Esther George and Dallas Fed President Robert Kaplan say the coronavirus Delta variant is having only a slightly negative impact on the economy.