US Senator Warren calls on Fed to release more ethics scandal information

Israel5天前Technology55
US Senator Warren calls on Fed to release more ethics scandal information

US Senator Elizabeth Warren sharpened her criticism of the Federal Reserve on Monday over its handling of an ethics scandal at the central bank ahead of the renomination hearing of Fed Chair Jerome Powell.

Warren, a Democrat and member of the Senate Banking Committee, is one of the lawmakers Powell will appear before on Tuesday as the committee considers whether to progress his renomination. She has already said she will not support his reappointment to the post. Powell is expected to be reconfirmed.

"I am deeply concerned that your continued refusal to release information about Fed officials' trading is at odds with your stated commitment to address the scandal 'forthrightly and transparently' and... it raises suspicions that the Fed may be failing to disclose the full scope of the scandal to the public," Warren wrote in a letter to Powell.

Some Wall Street banks see four US interest rate hikes this year

Her new letter, following two earlier requests for information from the central bank last year, comes after a report in the New York Times last week that Fed Vice Chair Richard Clarida had corrected his previous financial disclosure late last month. The updated disclosure showed he sold a stock fund and then swiftly rebought it shortly before the Fed announced a barrage of rescue programs to stem the economic fallout from the pandemic.

The latest controversy follows the resignations of two regional Fed bank presidents, Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren, last year in the wake of an outcry over their trading activities during the pandemic.

Powell has since announced new ethics rules governing financial holdings and dealings at the central bank but Warren has requested a Securities and Exchange Commission investigation into Fed officials' trading activity to determine if any trades violated insider trading rules.

In her letter, Warren renewed her calls for the Fed to disclose all ethics communications provided to Fed officials in 2020 and 2021. She requested a response by Jan. 17.

相关文章

Sudan braces for new protests three years after revolution

Sudan braces for new protests three years after revolution

KHARTOUM: Opposition activists in Sudan were set for new protests Sunday to mark the third anniversa...

Morocco extends flight ban because of virus

Morocco extends flight ban because of virus

RABAT: Morocco on Friday extended a halt on international passenger flights until the end of January...

The Matrix Resurrections Leaked on Torrent Sites, Piracy Networks Ahead of Release in Cinemas, on HBO Max

The Matrix Resurrections Leaked on Torrent Sites, Piracy Networks Ahead of Release in Cinemas, on HBO Max

Highlights The Matrix Resurrections release date is December 22 in India, HBO Max Multip...

Mali denies deployment of Russian mercenaries

Mali denies deployment of Russian mercenaries

BAMAKO: Mali's government has denied any deployment of Russian mercenaries from the Wagner group fol...

Kenya to start giving COVID-19 booster shots

Kenya to start giving COVID-19 booster shots

NAIROBI: Kenya will offer COVID-19 booster shots to individuals six months after their initial shots...

Kazakh oil, condensate output down 6% in early Jan amid protests - Markets - Business Recorder

Kazakh oil, condensate output down 6% in early Jan amid protests - Markets - Business Recorder

MOSCOW: Kazakhstan's daily oil and gas condensate production fell 6% in early January from December...