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Senators on Senate Banking Committee Accuse Fed Chair Powell of Hampering Trading Scandal Investigation
This month marks the 10th month since the worst insider trading scandal in the 109-year history of the Fed made media headlines. Yesterday, Senator Sherrod Brown, the Chair of the Senate Banking Committee, along with two of his fellow Senators on that Committee (Jon Ossoff and Raphael Warnock) and two additional Senators who do not serve on that Committee (Jeff Merkley and Kirsten Gillibrand) sent a stunning letter to Federal Reserve Chairman Jerome Powell. The overall thrust of the letter suggested that the Fed had attempted to quiet public outrage over the Fed’s trading scandal by issuing new trading conduct ... (full story)
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