Help Wanted: Federal Reserve Officials

Bies, a Fed member since Dec. 7, 2001, will end her tenure on March 30, and added she will not attend the March 20-21 meeting of the Federal Open-Markets Committee, according to a Federal Reserve press release. Bies, age 59, says she plans to spend more time with her family. Bies was appointed to the Federal Reserve Board of Governors by President Bush and was in charge of banking regulation issues, hence her relative silence on issues of monetary policy.

Bies' retirement comes just a day after one high-level Fed vacancy was filled. Thursday, the Atlanta Fed named Dennis Lockhart its new president, replacing the familiar and hawkish Jack Guynn, who retired in October 2006. Guynn had spent 42 years at the Fed, ending his career at age 64. Lockhart, 60, had a 17-year career at Citigroup(C Quote) and is now a professor at Georgetown's Wash School of Foreign Service.

The also-ever-hawkish Chicago Fed President Michael Moskow announced in January that as of Aug. 31, he will resign after 13 years at the post. His resignation was due to an age cap on Fed presidents, which had already been extended once for Moskow, age 68, who was originally slated to retire in 2004.