Elizabeth Warren is demanding answers from the Federal Reserve after a new report last week revealed that the Vice Chair sold investment fund shares just as the market crashed.
. “This refusal to provide information to Congress became even more troubling after a report last week in the New York Times revealed that one Fed official’s trades ‘went further than first disclosed,’ raising fresh questions about the actions and intent of Fed Vice Chair Richard Clarida.”
Warren went on to say that she is “deeply concerned” with the Fed’s refusal to be transparent about stock trades, “rais[ing] suspicions that the Fed may be failing to disclose the full scope of the scandal to the public.” She then cited a March 2020 email in which ethics officials warned Fed officials to refrain from trading stocks as the pandemic was rocking the market, for fear of such trades looking suspicious to the public.
France Dernières Nouvelles, France Actualités
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