Fed To Review Trading Rules For Officials After Backlash
By Al Barbarino (September 16, 2021, 6:26 PM EDT) -- The Federal Reserve said Thursday it will examine and make potential changes to the ethics rules governing the financial holdings and activities of its senior officials, a move that follows scrutiny surrounding investments made by the presidents of its Boston and Dallas regional banks.
Chair Jerome Powell directed board staff late last week to take a "fresh and comprehensive look" at the ethics rules and standards, according to a statement provided by a Fed spokesperson.
The review comes after Robert S. Kaplan, president of the Dallas bank, and Eric Rosengren, president of the Boston bank, bought and sold stocks and other...
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