June 14, 2024

AndronETalksNews

AndronETalksNews

Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic

CNBC

By Steve Liesman – September 18, 2021

Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome Powell.

None of these holdings or transactions appeared to violate the Fed’s code of conduct. But they raise further questions about the Fed’s conflict of interest policies and the oversight of central bank officials.

Read more…