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The Independent UK
The Independent UK
National
Via AP news wire

Fed ethics inquiry clears Powell and Clarida trades

Richard Clarida Jerome Powell Ethics US Federal Reserve Sherrod Brown TONY FRATTO
Copyright 2022 The Associated Press. All rights reserved

The Federal Reserve's inspector general concluded Thursday that financial trades made several years ago by Chair Jerome Powell and Richard Clarida, then the vice chair, did not violate any laws or ethics rules.

“We did not find evidence to substantiate the allegations that former Vice Chair Clarida or you violated laws, rules, regulations, or policies related to trading activities as investigated by our office,” Inspector General Mark Bialek said in a July 11 letter to Powell, released Thursday.

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