Powell Ducks Elizabeth Warren’s Request for Fed Officials’ Trading Records
- US central bank has tightened its rules since ethics scandal
- ‘Powell risks undermining confidence in the Fed,’ Warren says
Source: Bloomberg
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Federal Reserve Chair Jerome Powell has deflected requests from a top critic, Senator Elizabeth Warren, for details of financial transactions by central bank officials, risking an escalation of tensions with lawmakers over disclosure issues.
Warren, a Massachusetts Democrat, sent letters to Powell and all 12 of the Fed’s regional branches in early August, requesting “all stock, bond, and other investment trades by senior officials” from January 2020 through August. Warren also wanted to see internal communications by Fed ethics officers warning officials away from trading in a period of Fed market intervention.