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Powell To Review Ethics Codes, Next Meeting To Illuminate Tapering Plans

The Federal Reserve Chairman himself has become embroiled in the ethics concerns we reported on last week caused by the admission of Bank Presidents Kaplan and Rosengren that they had traded in securities that would have likely been affected by the Fed’s purchasing activities. It has now come out that Jay Powell himself owned municipal bonds, which was one of the assets purchased by the Fed during their emergency pandemic response.

This comes also at a somewhat sensitive time for Powell since t...

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