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

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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.

Federal Reserve officials won't be able to trade a slew of assets including stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe 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.

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