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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
2021-09-17
[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
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Posted by:Skidmark

#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  

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

#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  

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

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