Article

2021-09-17 Government Corruption

[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|| [9 views ] Top

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