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  • Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking

    From prospect.org

    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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  • Comment #1
  • Quote
  • Oct 18, 2021 3:22pm Oct 18, 2021 3:22pm
  •  krupskiy
  • | Joined Jun 2021 | Status: Junior Member | 4 Comments
can not be.
who would have thought?
 
 
  • Comment #2
  • Quote
  • Oct 18, 2021 3:33pm Oct 18, 2021 3:33pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1040 Comments
I am not acusing Powell for anything. But it stinks that it is not publicly available data which investment people of this calibre hold.
 
 
  • Comment #3
  • Quote
  • Oct 18, 2021 4:12pm Oct 18, 2021 4:12pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
We would all do it if we had the chance, these guys are not angels, but there is a law against insider trading, so why does he not have to answer for it?
 
 
  • Comment #4
  • Quote
  • Oct 18, 2021 4:43pm Oct 18, 2021 4:43pm
  •  TraderGER
  • | Joined Jul 2012 | Status: Member | 174 Comments
I just don't trust this man. He hasn't had a clear line since his appointment at the start of Trump. Initially incomprehensible rate hikes, then rate cuts after Trump interventions. Now hesitant about inflation. Not very trustworthy.
 
 
  • Comment #5
  • Quote
  • Oct 18, 2021 5:30pm Oct 18, 2021 5:30pm
  •  Subdude
  • | Joined Aug 2007 | Status: If it walks like a duck... | 540 Comments
Bravo sir - you are the ultimate market manipulator.
 
1
  • Comment #6
  • Quote
  • Oct 18, 2021 6:10pm Oct 18, 2021 6:10pm
  •  Nordling
  • Joined Apr 2021 | Status: Complicated. | 327 Comments
Cycle is changing. I will sell my stocks asap as well.
TRACK RECORD: https://l24.im/AFm9qY
 
 
  • Comment #7
  • Quote
  • Oct 18, 2021 8:44pm Oct 18, 2021 8:44pm
  •  Scran
  • | Joined Jun 2015 | Status: Member | 36 Comments
Really and he wouldn't have been buying big when the market rose after the Fed threw money into the market either. He would be too principled to do that without advising the retail market as well. I'm sure he would do that. Really.
 
 
  • Comment #8
  • Quote
  • Oct 18, 2021 10:24pm Oct 18, 2021 10:24pm
  •  santafee
  • | Joined Dec 2012 | Status: Member | 63 Comments
we're talking about shares of VTI here ? the sale was on October 1 2020 ? 171.72 - 172.25 that day...
what's the big deal... and why is the author talking about the dow when Powell wasn't in 30 stocks, besides the whole market made a significant drop on 10/28/20 but shot right back up 4 and 5 bars later... anyway, the guy missed out on one whopper of a bull run... to, heck, 234 something...
as a trader, speculator, he's weak handed...
 
 
  • Comment #9
  • Quote
  • Oct 18, 2021 11:28pm Oct 18, 2021 11:28pm
  •  DayTrader30
  • | Joined Apr 2011 | Status: Member | 214 Comments
For normal people insider trading is illegal! But for Fed this law does not exist???
 
 
  • Comment #10
  • Quote
  • Oct 19, 2021 2:11am Oct 19, 2021 2:11am
  •  Guest
  • | IP XX.XXX.13.103
Quoting Hurst
Disliked
We would all do it if we had the chance, these guys are not angels, but there is a law against insider trading, so why does he not have to answer for it?
Ignored
No, we wouldn't all do it. These guys are paid top dollars, and hold the most prestigious seats available on earth. It is a most fulfilling job, and if you serve your term maintaining full integrity, the respect you get is priceless. Actually it is quite humiliating for these guys to chase the next million bucks, when they already have lots of it, in the most disgraceful manners. Its pathetic actually.
 
2
  • Comment #11
  • Quote
  • Oct 19, 2021 2:43am Oct 19, 2021 2:43am
  •  ilhaner
  • | Joined Apr 2011 | Status: Member | 174 Comments
If Powell needs the Fed behind his back to make a measly million in stock markets, he doesn't deserve the chair to begin with.
 
 
  • Comment #12
  • Quote
  • Oct 19, 2021 3:21am Oct 19, 2021 3:21am
  •  C7harry
  • | Commercial Member | Joined Sep 2016 | 76 Comments
No wonder market is so bullish despite sluggish economy..... thanks to mr.powell
 
1
  • Comment #13
  • Quote
  • Oct 19, 2021 7:01am Oct 19, 2021 7:01am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 2729 Comments
I still think he's trustworthy ... odds just changed on that leaked info
Brainard is $ bearish could be the preferred choice.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot 2021-10-19 at 11.59.05.png
Size: 163 KB
#doyourownanalysisordietryin
 
 
  • Comment #14
  • Quote
  • Oct 19, 2021 7:59am Oct 19, 2021 7:59am
  •  classy
  • Joined Jun 2012 | Status: Trader , Analyst and Mentor | 261 Comments
how jeromi or any financial decision maker do stock or forex trading? isn't it conflict of interest? so funny.
Say something meaningful or Silence!!
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.37.4
Join FF
  • Story Stats
  • Posted: Oct 18, 2021 3:15pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 14  /  Views: 2,724
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