Regional Fed presidents sell equities after media reports

Eric Rosengren
Boston Fed president Eric Rosengren
Photo: © 2019 Federal Reserve Bank of Boston

The presidents of two regional Federal Reserve Banks pledged to divest from all their individually owned equities after US media revealed details of their investments.  

Robert Kaplan of the Dallas Fed and Eric Rosengren of Boston issued similar statements on September 9 stressing that their transactions complied with Fed ethics rules. However, they said they would sell any actively managed assets by September 30 to, as both said, “avoid even the appearance of a conflict of interest”.


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