The FED will review its code of ethics
The chairman of the Federal Reserve made this announcement after the news of multimillion-dollar transactions from senior officials of the agency
The president of the United States Federal Reserve (Fed), Jerome Powell, requested that a review of the central bank’s code of ethics be carried out after the multimillion-dollar transactions they carried out last year became known in recent days several of his senior positions.
“Because the trust of American citizens is essential for the Federal Reserve to carry out its important mission, chairman Powell directed the Board’s staff to undertake a new and comprehensive review of the ethical rules on activities and possessions allowances for senior Fed officials”, said a Fed spokesman.
Last week, the president of the Federal Reserve Bank of Dallas, Robert Kaplan, disclosed that he had carried out several stock transactions worth a million dollars or more in securities such as Apple, Amazon or Tesla.
On his side, the president of the Richmond Federal Reserve Bank, Thomas Barkin, declared to have several participations of more than a million dollars in various exchange-traded investment funds (ETFs), as well as a participation in Coca-Cola of more than $ 500,000 but less than a million.
For his part, the manager of Boston, Eric Rosengren, reported holdings of more than a million dollars in four REITs, equivalent to the Socimis in the United States. He also broke down various stock trading transactions during 2020.
Source: dpa
