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The Crossroads of Special Operations

Monday, January 17, 2022

Elizabeth Warren demands Fed’s Powell release more details on trading scandal | Fox Business

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Sen. Elizabeth Warren, a Massachusetts Democrat who chairs the Senate Banking Committee, wrote to the Federal Reserve demanding more data on financial deals made by a few high-ranking officials at the start of the coronavirus pandemic when the reserve bank was cranking trillions of dollars into the American economy. The request came after a New York Times story showed that Richard Clarida neglected to declare the full nature of a financial transaction he made in early 2020. After two Fed policymakers acquired and sold equities and real estate-related assets last year while the central bank took strong policy measures to stimulate economic growth, the discovery was the newest in a succession of ethics controversies hitting the central bank.

Source: https://www.foxbusiness.com/politics/elizabeth-warren-federal-reserve-jerome-powell-trading-scandal

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