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Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking
Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020, according to disclosure forms reviewed by the Prospect. Powell’s sale of shares from a Vanguard Total Stock Market Index Fund has not been previously reported. This sale occurred right before the Dow Jones Industrial Average suffered a significant drop. A Fed media relations spokesperson was not available for comment. We will report on any Fed statement on Powell’s trades. Three other senior Fed officials have faced serious criticism for making stock trades during the ... (full story)
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