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WASHINGTON: U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year.
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.
NEW YORK (Reuters) - A U.S.-based lawyer for Britain's Prince Andrew on Monday forcefully rejected claims in a civil lawsuit by a woman who accused the prince of sexually assaulting her when she was 17, and challenged whether the case could even be brought.
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.
NEW YORK (Reuters) - Britain's Prince Andrew has been served with a lawsuit by a woman accusing him of sexually assaulting and battering her two decades ago, when she asserts she was also being abused by the financier Jeffrey Epstein, according to a Friday court filing.
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.
WASHINGTON/LONDON:Wall Street sank and European stocks suffered their worst one-day rout in three weeks on Wednesday on uncertainty over the pace of economic recovery, as the dollar pared gains following dovish remarks from a Federal Reserve official.
HONG KONG (AFP): Asian markets mostly rose Friday (Aug 27) ahead of a much-anticipated speech by Federal Reserve chief Jerome Powell on plans for tapering monetary policy with some top bank officials calling for a move within months.