Skip to content
Markets
Economics

Yellen Praises Powell’s Response to Fed Trading Controversy

  • Treasury chief speaks on Fed’s strengthening of rules
  • Fed barred senior officials from trading individual stocks
Janet Yellen, left, and Jerome Powell.
Janet Yellen, left, and Jerome Powell.Photographer: Kevin Dietsch/Getty Images/Bloomberg

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Treasury Secretary Janet Yellen said she believes Federal Reserve Chair Jerome Powell has taken “significant action” in the wake of revelations over the personal investments of U.S. central-bank policy makers.