Warren on Fed’s Powell: He’s Failed as a Leader in His Response to the Insider-Trading Scandal

Reuters

Fed policymakers’ trading to get more scrutiny

(Reuters) -Senator Elizabeth Warren on Monday called on the U.S. Securities and Exchange Commission to investigate trading by top U.S. central bankers, including that of two Fed bank presidents who resigned after public outcry over their transactions. In a letter to SEC Chair Gary Gensler, Warren also cited trading by Fed Vice Chair Richard Clarida in February 2020, shortly before Fed Chair Jerome Powell issued a warning about risks from the coronavirus and pledged a Fed response if needed. “The reports of this financial activity by Fed officials raise serious questions about possible conflicts of interest and reveal a disregard for the public trust,” Warren wrote in the letter, released publicly.

Source: https://finance.yahoo.com/m/fe353f5f-8f89-3364-b081-960c19b76933/warren-turns-up-the-heat-on.html