-
Office of Inspector General to review whether Fed officials’ trading activity broke ethics rules or the law
video The Federal Reserve is teaming up with the Office of Inspector General in its review of 2020 trading activity by a handful of central bank officials to determine if those transactions met ethics standards and did not break any laws. The addition of the Inspector General’s office adds weight to a growing controversy at the Fed after a series of financial disclosures showed that Vice Chair Richard Clarida, Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren all made significant financial transactions in 2020. Those trades, some of which totaled millions of dollars, drew ire from Capitol ... (full story)