Richard Clarida

Fed Implements Strict Trading Restrictions After Major Ethics Scandal

2021-10-21 00:00:00 +0000 UTC | Importance: 7/10

The Federal Reserve announced comprehensive trading restrictions for senior officials following a major financial ethics scandal. In response to controversial trades by regional Fed bank presidents Robert Kaplan and Eric Rosengren during the Covid-19 pandemic, the Fed imposed strict new rules …

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Fed Vice Chair Clarida Trades Millions Before Rate Cuts

2020-02-27 00:00:00 +0000 UTC | Importance: 8/10

Federal Reserve Vice Chairman Richard Clarida rotated between $1-5 million from Pimco bond funds into stock funds on February 27, 2020, just one day before Fed Chair Powell’s emergency statement about coronavirus risks. Clarida sold multiple ETFs during the market’s COVID-19 downturn and …

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