The Federal Reserve will bar senior officials from purchasing individual securities and restrict investment activities to broad-based products such as mutual funds, following
disclosures last month that resultedThe Fed said Thursday the new rules would apply to the system’s 12 reserve bank presidents and the seven governors on the central bank’s Washington-based board.
Their money should in blind trusts just like all senior government officials…
We noticed our employees have been cheating and stealing from the taxpayers. So we're going to make it very clear that we don't want that happening again. Too much. But, hey, a Martha's Vinyard estate isn't cheap. They can keep what they have. Fair is fair.
In the meantime the SEC should determine if they traded with inside information …. as the Fed is the primary engine of animal spirits ….
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