by winston » Fri Oct 22, 2021 8:26 am
Shouldn't these rules be in place years ago?
The US Federal Reserve on Thursday announced stricter investment rules for central banker officials following recent controversies over trading activities.
The rules would prohibit Fed officials holding individual stocks, prohibit trading during times of unusual market stress, require pre-approval of trades, and more frequent disclosure of trading activity to "help guard against even the appearance of any conflict of interest," the Fed said.
"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," Fed Chair Jerome Powell said in a statement.
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"