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

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Helmholtz Watson
Participant

Powell Powell addresses ethics issues

As soon as learned of regional Fed bank presidents trading, directed staff to undertake a full review
Need to modify our practices and in process of creating recommendations for that
Looking carefully at regional Fed bank president trading to make sure it was in compliance with rules and law
Appearance is unacceptable even if, as appears to be the case, trading was in compliance with rules
Rules, practices and disclosure needs to be improved
The Fed will rise to the moment and address ethics issues