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No. of Recommendations: 2 The Fed!

Under pressure, Powell says Fed to revamp its trading rules...

...The issue arose after it was revealed that Robert Kaplan, president of the Federal Reserve Bank of Dallas, traded millions of dollars’ worth of individual stocks such as Amazon, Chevron, Facebook and Johnson & Johnson in 2020, at the same time that the Fed was taking extraordinary measures to boost the economy. The Fed’s moves likely lifted stock prices and other financial assets. Similar financial disclosures showed that Eric Rosengren, president of the Boston Fed, invested last year in real estate investment trusts that held mortgage-backed bonds of the type the Fed itself is buying as part of its broad efforts to lower borrowing rates. And Powell himself owns municipal bonds, which the Fed bought last year for the first time ever to prevent a collapse in the muni bond market, a move that could have driven up the value of such bonds.The presidents of the 12 regional banks participate in the Fed’s private policymaking meetings, in which they discuss the central bank’s interest rate policies and are privy to economic data not always available to the public

I'm sure that The Fed. will investigate itself and find out that no one did anything wrong!
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