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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

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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.