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Elizabeth Warren Pushes Powell for Information on Fed Trading Scandal

From bnnbloomberg.ca

U.S. Senator Elizabeth Warren renewed her call for the Federal Reserve to release more information about the investment activity of officials during the pandemic last year and the ethics guidance given to policy makers in March as the spread of Covid-19 caused financial markets to convulse. In a letter sent to Fed Chair Jerome Powell on Monday, Warren said that the Fed released “an excerpt of the email warning the officials to ‘avoid unnecessary trading,’” but that it has yet to “release the full email or any other ethics guidance issued at the time.” The March 23, 2020, email excerpt -- sent from the Fed board’s ... (full story)

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  • Category: Fundamental Analysis