• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Fed’s Powell says changes needed in rules for officials’ investing

September 22, 2021 by David Barret Leave a Comment

September 22, 2021

(Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday he was displeased with the active investing carried out by two Federal Reserve regional bank presidents and pledged the central bank’s ethics rules will be tightened.

Asked if he still trusted Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren could carry out their jobs, Powell said at a televised press conference, “in terms of having confidence…no one is happy. No one on the (Federal Open Market Committee) is happy to have these questions raised.”

His comments come amid public criticism of the two officials and calls for their resignation following revelations they traded actively in stocks and other investments during the pandemic years when millions of Americans lost their jobs and the Fed was taking historic steps to bolster financial markets and the economy.

He pledged that a review he has launched of Fed ethics rules would lead to changes.

The existing rules covering central bank officials’ investment activities are “now seen as clearly not adequate” and changes are needed.

Powell, answering a question after the Fed’s latest policy meeting, also said he had not been aware of the trading activities of Kaplan and Rosengren that has drawn criticism from Fed watchers.

(Reporting By Dan Burns; Editing by Chris Reese and Andrea Ricci)

Source Link Fed’s Powell says changes needed in rules for officials’ investing

David Barret
David Barret

Related posts:

  1. Athletics-Tamberi hopes to finish season on a high in Zurich
  2. Alleged victim of Madrid homophobic attack says injuries were consensual – Interior Ministry
  3. Tumblr’s subscription product Post+ enters open beta after much scrutiny from users
  4. JPMorgan Chase acquires college financial planning platform Frank

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Watch First-Ever Footage Of A Black Jaguar Mating In The Wild
  • A New Blue Zone? Researchers Find Another Region Where People Live Exceptionally Long Lives
  • LIGO Could Detect Gravitational Waves From An Alien Spacecraft, But There’s A Catch
  • How Outer Space Helps Clouds Form On Earth
  • Teenager With Exceptional “Mental Time Travel” Abilities Sees Past And Future With Rare Clarity
  • Think Hay Fever Season Is Over? Think Again – Fall Allergies Are On The Way
  • Microscopic Engine Is Hottest In The World – Just Like The Core Of The Sun
  • Gerrymandering Explained: How Math Is Used For Political Gain To Win Elections
  • The Longest Sperm On Earth Is 20 Times The Animals’ Body Size, But Whose Is It?
  • Ancient Bacterial DNA Has Been Recovered From A 1.1-Million-Year-Old Mammoth
  • On Sunday, 7 Billion People Will See The Moon Turn Red. But Who Will See The Blue Band?
  • 670-Year-Old Manuscript On “Unexplained Phenomena” Is Bad News For Believers In The Shroud Of Turin
  • What’s The Largest Egg Of Any Animal? Clue: It Doesn’t Come From An Ostrich
  • Snowy Albatross, The Largest Flying Bird By Wingspan, Is A Master Of Long-Haul Flight
  • Why Have Some Gel Nail Polishes Just Been Banned In Europe?
  • Beyond The Lab: How The World’s Largest Lab Science Conference Is Changing Lives
  • Meet Madame Berthe’s Mouse Lemur, The World’s Smallest Primate
  • 40 Years Since Titanic’s Wreck Was Found, Watch The Rare Footage Of Its Discovery
  • Watch As An Asteroid The Size Of A Brachiosaurus Passes 0.0014599 AU From Earth Tomorrow
  • The Crypt Of Civilization Was Sealed 85 Years Ago. It Won’t Be Opened Again Until The Year 8113 CE
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version