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2021-09-17 Government Corruption
Two Fed presidents with insider knowledge of US monetary policy sold millions of dollars of stock in blue-chip firms including Amazon, Apple, and Google last year, prompting ethics review
[Daily Mail, where America gets its news]
  • Robert Kaplan, president of the Dallas Federal Reserve Bank, traded millions of dollars of stock in companies such as Apple, Amazon, and Google in 2020

  • Eric Rosengren, president of the Boston Fed, traded in stocks and real estate investment trusts including Chevron, Pfizer, and Phillips 66

  • The trades were made last year during a time when the Fed took extraordinary steps to buoy US economy and stabilize financial markets during the pandemic

  • Comments made by Fed regional presidents can move markets and they have a hand in the Fed's interest rate policies

  • Senior US lawmakers - including Senator Elizabeth Warren of Massachusetts - demanded more stringent restrictions after Wall Street Journal reported trades

  • Federal Reserve Chair Jerome Powell ordered sweeping review of the ethics rules governing financial holdings and dealings by senior central bank officials
Posted by Skidmark 2021-09-17 07:39|| || Front Page|| [11130 views ]  Top

#1 Analysis-Powell, juggling policy and renomination, now faces an ethics blowup
Posted by Skidmark 2021-09-17 07:42||   2021-09-17 07:42|| Front Page Top

#2 


I would have called it applied business logic.
PANDEMICS greatly affect production of goods and businesses.

Posted by NN2N1 2021-09-17 08:49||   2021-09-17 08:49|| Front Page Top

#3 How dare they act like Congresscritters!
Posted by Procopius2k 2021-09-17 12:22||   2021-09-17 12:22|| Front Page Top

#4 All those stocks are higher today so if they sold last year they left $$$ on the table.
Posted by Croque Fliting8030 2021-09-17 20:07||   2021-09-17 20:07|| Front Page Top

03:23 Besoeker
02:05 Grom the Affective
02:04 Grom the Affective
01:26 49 Pan
00:22 EMS Artifact
00:16 Skidmark









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