A review from the Federal Reserve’s watchdog found that trades made by two top officials in 2019 and 2020, when the central bank was especially active in financial markets, violated neither the law nor central bank policies.
The Office of Inspector General report, released Thursday, cleared both Chair Jerome H. Powell and Richard Clarida, the former vice chair. Both had executed transactions that became the subject of media reporting, and in Mr. Clarida’s case, prompted broader criticism from lawmakers and ethics experts.
Source: A Watchdog Report Absolves Financial Transactions by 2 Fed Officials – The New York Times
