News Formal

Fed Approves Rules Banning Its Officials From Trading Stocks, Bonds and Also Cryptocurrencies

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Fed officials won’t be able to trade stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.

Federal Reserve officials will be restricted from owning individual stocks, bonds and other assets under rules announced Friday that first were set forth in October.

They follow a controversy last year in which several officials traded positions just ahead of the Fed's extraordinary measures to help the economy through the Covid crisis. The rules will cover FOMC members, regional bank presidents and a raft of other officials including staff officers, bond desk managers and Fed employees who regularly attend board meetings. They also extend to spouses and minor children.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Futures Are Little Changed as Investors Weigh Earnings, Fed and GeopoliticsStock futures tk in overnight trading as investors digest corporate earnings reports, updates from the Fed and developments in the Russia-Ukraine conflict.
Source: NBCDFW - 🏆 288. / 63 Read more »