Sen. Elizabeth Warren called on the Federal Reserve in a Monday letter to release more information about financial trades made by several top officials at the onset of the coronavirus pandemic, when the central bank was pumping trillions of dollars into the U.S. economy.
, while Rosengren traded in stocks and real estate investment trusts, according to financial disclosure forms. Both men resigned following the controversy .
In the wake of the trading scandal, Powell acknowledged the U.S. central bank's current rules dictating what its officials are allowed to invest in and trade are "not adequate" and need to be updated. The rules, which ban senior officials from owningstocks, limit trading around monetary policy meetings and warn against any activity that could suggest a conflict of interest, are crucial to ensuring the public's trust in the U.S. central bank, Powell said.
In this Sept. 30, 2021, file photo, Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Capitol Hill in Washington. "We need to make changes, and we're going to do that as a consequence of this," Powell told reporters in September following the Fed's two-day policy-setting meeting. "No one is happy about this."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elizabeth Warren Demands Information on Fed Official’s Questionable Stock TradesElizabeth Warren is demanding answers from the Federal Reserve after a new report last week revealed that the Vice Chair sold investment fund shares just as the market crashed.
Weiterlesen »
Elizabeth Warren Demands Information on Fed Official’s Questionable Stock TradesElizabeth Warren is demanding answers from the Federal Reserve after a new report last week revealed that the Vice Chair sold investment fund shares just as the market crashed.
Weiterlesen »
4 mistakes the Powell Fed made — from a former insiderHere are four mistakes the Federal Reserve made, according to former New York Fed President Bill Dudley.
Weiterlesen »
Consumer inflation data, Fed’s Powell hearing, Delta earnings top week aheadStock investors will monitor rising bond yields, fresh inflation data, and Fed Chairman Powell's renomination hearing in the week ahead.
Weiterlesen »
Fed Chair Powell to offer hints about QT and lift-off timing – TDSAnalysts at TD Securities (TDS) provide a snippet of what they expect from Fed Chair Jerome Powell’s testimony, especially after the hawkish FOMC minu
Weiterlesen »
Damari Perry case: Horrifying details released about boy's last day, mom and brother charged with murderProsecutors said Damari did something his mom for which his mom thought he should be punished. He was put in cold water in a bathtub or shower in their home in North Chicago, and eventually started vomiting and passed out. He was taken out of the cold water; no one called 911 and he died.
Weiterlesen »