Tag Archives: officials

Senator Elizabeth Warren on Monday called on the Securities and Exchange Commission to look into trades made by senior Federal Reserve officials over the course of 2020. The Massachusetts Democrat asked the SEC to investigate the extent of trading carried out by at least three high-ranking officials at the central bank, including the timing of the trades and whether or not those trades “may have been influenced by non-public information.” The request comes after reporting last Friday… Source link

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… Source link

By Jonnelle Marte (Reuters) – Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles. The announcements come… Source link

(Bloomberg) — TikTok owner ByteDance Ltd. is working to ensure it complies with data security requirements after meetings with government officials over the issue earlier this year, a person familiar with the matter said. The Chinese tech giant, whose apps also include TikTok’s Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets, Bloomberg News reported in April. ByteDance’s considerations about going public had been… Source link

After spraining his right ankle late in Game 3, Trae Young‘s status for Game 4 of the Eastern Conference finals is less than 100%. The Atlanta Hawks guard was in the midst of another big scoring night when he rolled his ankle late in the third quarter of Sunday’s loss to the Milwaukee Bucks. With Atlanta leading 85-82, Young threw an errant pass in a halfcourt set that Bucks forward Bobby Portis intercepted.  Trae Young injured after stepping on ref Young stepped back to get back on defense,… Source link

Both organizers of a Memorial Day ceremony in Hudson, Ohio, have now resigned under pressure after they silenced a retired U.S. Army officer’s microphone while he was talking about how freed Black slaves honored fallen soldiers just after the Civil War. Video Transcript BARNARD KEMTER: 3,000 African-American schoolchildren singing the Union marching song, “John Brown’s Body.” They were carrying armfuls of flowers and went to decorate the graves. Interesting that there would be a tie back to… Source link

(Bloomberg) — Texas came uncomfortably close to another round of rolling blackouts Tuesday night because grid operators misjudged the weather. The Electric Reliability Council of Texas, which manages most of the state’s grid, had counted on a mild cold front sweeping the state, lowering demand for power. It didn’t happen. As a result, demand on the grid was about 3,000 megawatts higher than anticipated — or the equivalent of 600,000 homes. The forecasting error, coming as 25% of power… Source link

The Guardian Penalty call: coaches ejected for flouting Augusta’s phone rules As some players’ mentors have found out in Masters week, this grand old club will punish anyone who breaks its traditions Spectators at the 18th green of the Masters, which stands alone as a tournament that denies the general use of mobile phones. Photograph: Jonathan Ernst/Reuters The famously no-nonsense approach of Augusta National to matters of discipline has been evident once more during Masters week, with… Source link

The Federal Reserve is continuing its research on the use of a central bank-issued digital currency (CBDC), but key officials are saying not to expect any Fed-issued digital dollars any time soon. “That fundamental question of, ‘what are we trying to do with this’ is not clearly answered,” Fed Governor Randal Quarles said in a webinar on Tuesday. The Fed is working with researchers at the Massachusetts Institute of Technology to build and test a digital dollar in different hypothetical… Source link

As word spread Sunday of President Trump’s astonishing phone conversation with Georgia Secretary of State Brad Raffensperger the day before, there was widespread speculation that the president had committed one or more crimes in his effort to overturn the results of the election in Georgia, including extortion and, ironically, election fraud. A recording of the one-hour call was released Sunday by the Washington Post. The president is heard pressuring Raffensperger to “find 11,780… Source link