Carl E. Powell, director of the Federal Reserve's automation resources, announced plans to retire by the end of next week.

A 26-year Fed veteran based at the Federal Reserve Bank of Richmond, Mr. Powell has been at the center of recent efforts to consolidate back-office operations and cut costs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.