FuckBigNewsMedia on Nostr: The Federal Reserve's internal watchdog cleared two former policymakers Robert Kaplan ...

The Federal Reserve's internal watchdog cleared two former policymakers Robert Kaplan and Eric Rosengren of legal wrongdoing in a probe into their personal trading activity, but chastised them for undermining public confidence in the central bank. The report also found that neither of the trades violated federal law or broke any rules or regulations, but called the rules in place at the time inadequate and said the trading created an appearance of a conflict of interest. Furthermore, the text highlights that Kaplan's trades also created an appearance that he was acting on information gleaned from confidential policy deliberations, which has increased scrutiny and criticism of the Fed.

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https://read.distractionfree.site/fortune/2024/01/22/federal-reserve-robert-kaplan-eric-rosengren-stock-funds-trades-technically-legal/

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