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

[TheWorldNewsOrg]

 

Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look 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 central bank's conflict of interest policies.

https://www.cnbc.com/2021/09/17/fed-officials-owned-securities-it-was-buying-during-pandemic-raising-more-questions-about-conflicts.html

[TheWorldNewsOrg]

https://www.reuters.com/business/finance/feds-powell-orders-sweeping-ethics-review-after-officials-trading-prompts-outcry-2021-09-16/

Andreas Antonopoulos put all this best when he said [paraphrasing] "Do you trust the people who gave the world an open, free, borderless internet. Or the people who gave you the banking crisis?"

[TheWorldNewsOrg]

 

[TheWorldNewsOrg]