MLCO - Wall Street Breakfast: Fed Ethics Review

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Fed ethics review The Federal Reserve is examining its ethics rules for financial holdings after two Fed presidents came under fire for some of their recent transactions. Those dealings were widely panned for the potential conflict of interest at a time when the Fed is already in the spotlight over unprecedented pandemic market interventions that critics say led to elevated stock prices and benefited richer Americans. The appearance of self-dealing could also prove problematic for an institution tasked with oversight of U.S. employment, inflation, interest rates and liquidity markets.Backdrop: Last week, disclosures filed by the Fed's 12 regional presidents revealed some had actively traded stocks in 2020 that may have been susceptible to rising Treasury yields due to their high valuations. Robert Kaplan, a Fed voting

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Wall Street Breakfast: Fed Ethics Review