Internal investigation criticises former Boston, Dallas Fed chiefs

Report says officials created appearance of conflict of interest, but stops short of alleging criminality

Boston Fed

The US Federal Reserve’s internal watchdog has criticised two former senior officials for not fully disclosing their trading activities during the Covid-19 pandemic. 

On January 18 , the Office of the Inspector General (OIG) published its final report into alleged ethics violations by Robert Kaplan, the former head of the Federal Reserve Bank of Dallas, and Eric Rosengren, the former head of the Boston Fed. Both officials resigned in 2021, when details of their trading activities the previous

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