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Fed’s Watchdog Clears Ex-Officials Kaplan, Rosengren in Probe of 2020 Trades
The Federal Reserve’s internal watchdog cleared two former policymakers of legal wrongdoing in a years-long probe into their trading activity in 2020, when the central bank deployed a variety of large-scale operations to stabilize markets at the onset of the pandemic. Robert Kaplan carried out multiple $1 million-plus transactions when he was president of the Dallas Fed, and Eric Rosengren, head of the Boston Fed at the time, made numerous trades in funds that were invested in mortgage-backed securities. None of the trades violated federal law or broke any rules or regulations, the Fed’s inspector general said in ... (full story)
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