Federal Reserve Bank of Dallas

Dallas and Boston Fed Presidents Resign Over Trading Scandal

2021-09-27 00:00:00 +0000 UTC | Importance: 9/10

Robert Kaplan (Dallas Fed) and Eric Rosengren (Boston Fed) announce simultaneous resignations following massive public backlash over their 2020 trading activities. The scandal revealed deep ethical vulnerabilities in the Federal Reserve, where senior officials traded stocks during critical market …

Robert Kaplan Eric Rosengren Federal Reserve Bank of Dallas Federal Reserve Bank of Boston Elizabeth Warren federal-reserve resignation trading-scandal robert-kaplan eric-rosengren +4 more

Dallas Fed President Kaplan Resigns Over Trading Controversy

2021-09-07 00:00:00 +0000 UTC | Importance: 8/10

Federal Reserve Bank of Dallas President Robert Kaplan resigned on September 27, 2021, after disclosure of extensive stock trading during the 2020 pandemic. Kaplan had made multiple trades worth over $1 million in companies like Amazon, Apple, and Delta Air Lines while serving as a voting member of …

Robert Kaplan Federal Reserve Bank of Dallas Jerome Powell Eric Rosengren federal-reserve trading-scandal conflict-of-interest robert-kaplan dallas-fed +2 more