Powell orders review of Fed ethics rules after stock trades made by senior officials

Federal Reserve Chairman Jerome Powell has directed staff to review the central bank system’s rules around stock trading as part of clean-up efforts related to the disclosure of several personal multi-million dollar transactions made by senior policymakers last year.

“Chair Powell late last week directed Board staff to take a fresh and comprehensive look at the ethics rules around permissible financial holdings and activities by senior Fed officials,” a Fed spokesperson said.

The Fed…


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