Boston-Fed

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

Boston Fed President Rosengren Resigns Over REIT Trading Scandal

2021-09-08 00:00:00 +0000 UTC | Importance: 8/10

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 Rosengren Federal Reserve Bank of Boston Robert Kaplan Jerome Powell federal-reserve trading-scandal conflict-of-interest eric-rosengren boston-fed +3 more