Fed's Powell: 'no one' happy with fellow policymakers' trading

A screen displays a statement by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve's announcement as a trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 22. - Reuters

WASHINGTON: U.S. Federal Reserve Chair Jerome Powell said on Wednesday he was displeased with the active investing carried out by two Fed regional bank presidents and pledged the central bank's ethics rules will be tightened after a thorough review.

"We need to make changes and we are going to do that," Powell said at a televised press conference after the Fed's latest policy meeting.