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 …
Jerome PowellFederal Reserve BoardElizabeth WarrenRichard ClaridaRobert Kaplan+1 morefederal-reserveethics-policytrading-restrictionsjerome-powellregulatory-response+4 more
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 KaplanEric RosengrenFederal Reserve Bank of DallasFederal Reserve Bank of BostonElizabeth Warrenfederal-reserveresignationtrading-scandalrobert-kaplaneric-rosengren+4 more
In September 2021, Boston Federal Reserve President Eric Rosengren resigned amid a trading scandal revealing he actively traded Real Estate Investment Trusts (REITs) and mortgage-backed securities during 2020, while the Federal Reserve was simultaneously purchasing such assets. A 2024 watchdog …
Eric RosengrenFederal Reserve Bank of BostonRobert KaplanJerome Powellfederal-reservetrading-scandalconflict-of-interesteric-rosengrenboston-fed+3 more
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 KaplanFederal Reserve Bank of DallasJerome PowellEric Rosengrenfederal-reservetrading-scandalconflict-of-interestrobert-kaplandallas-fed+2 more