Trades by Fed's Powell, Clarida violated no rules -watchdog

Trading activity by Federal Reserve Chair Jerome Powell (pic) and former Vice Chair Richard Clarida violated no rules, the Fed's independent watchdog said on Thursday, putting an end to one chapter in an ethics scandal that embroiled the central bank last year.

"Based on our findings, we are closing our investigation" into the pair's investment activities from 2019 to 2021, the Office of the Inspector General said.