Fed Presidents Kaplan and Rosengren to Sell Stock holdings At Record Highs Under Illusion of Ethics Compliance

Helmholtz Watson

Fed’s Rosengren and Barkin, CNBC reports:

Boston Fed President Eric Rosengren held between $151,000 and $800,000 worth of real estate investment trusts that owned mortgage-backed securities. He made as many as 37 separate trades in the four REITs while the Fed purchased almost $700 billion in MBS.

Richmond Fed President Thomas Barkin held $1.35 million to $3 million in individual corporate bonds purchased before 2020. They include bonds of Pepsi, Home Depot and Eli Lilly. The Fed last year opened a corporate bond-buying facility and purchased $46.5 billion of corporate bonds.