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Dallas Fed President Made Multiple Million-Dollar Stock Trades In 2020, Disclosure Shows
Eleven of the 12 regional Fed banks have published disclosures of their leaders’ 2020 financial profiles, sharing information that gives insight into the holdings of officials who help set the central bank’s monetary policy and thus directly affect all capital markets, especially stocks. What was most notable is that while most regional Fed leaders reported modest financial holdings and smaller transactions, president of the Dallas Fed Robert Kaplan, a former vice chairman at Goldman who was responsible for the firm's investment banking activities before leaving in 2006 and becoming a profressor at Harvard, who ... (full story)