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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.
WASHINGTON: Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing financial holdings and dealings by senior officials at the U.S. central bank, a Fed spokesperson said on Thursday.
This final piece of a two-part series looks at the steps needed for greater socio-economic resilience
WHAT we’ve got here is a failure to communicate, as Paul Newman observed just before being shot in Cool Hand Luke.
Media reports this week that two of the Federal Reserve's 12 regional bank presidents were active traders has some of the central bank's most vocal critics questioning the rules that allowed them to engage in the transactions in the first place.
WASHINGTON/LONDON: Wall Street main indexes finished lower on Friday after data showing persistent U.S. inflation offset expectations of an easing in U.S.-China tensions after a call between President Joe Biden and China's Xi Jinping.
WASHINGTON: Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest.
PETALING JAYA: Bursa Malaysia has taken enforcement actions against two dealer’s representatives (DRs) for breaches of the Rules of Bursa Malaysia Securities and directives in relation to, among others, discretionary trading undertaken in a client’s account.
IT seemed like a good idea at the time.