Robert Kaplan and Eric Rosengren, who headed the Dallas and Boston Fed respectively, have been cleared of any wrongdoing, according to a report by the US Federal Reserve s internal oversight body.. -January 22, 2024 at 03:06 pm EST
- MarketScreener
The Federal Reserve s internal watchdog on Monday cleared two former policymakers of legal wrongdoing in a years-long investigation 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.
China’s most famous entrepreneur has been out of the spotlight after clashing with officials. But in recent months, he has been buying shares in the tech giant he co-founded as its stock has plunged.
The Federal Reserve s
internal watchdog said on Monday the former Dallas and Boston
Federal Reserve presidents created the appearance of a conflict
in interest in how they reported their investing. -January 22, 2024 at 02:06 pm EST
- MarketScreener
(Bloomberg) The Federal Reserve’s internal watchdog cleared two former policymakers of legal wrongdoing in a years-long probe into their personal trading activity in 2020, but chastised them for undermining public confidence in the central bank.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutNever Trumpers Brace for New Hampshire Sh