Fed officials’ stock trading must be reined in, say experts
Ethics violations by FOMC members mean it is time to overhaul rules, former policy-makers argue
Former senior policy-makers have called for a broadening of the regulations on when members of the US Federal Reserve’s rate-setting committee can trade stocks, following a series of scandals over recent years.
Members of the Federal Open Market Committee (FOMC) are currently banned from buying and selling individual stocks, and are only allowed to trade in diversified multi-asset funds. On November 14, the US Government Office of Ethics refused to certify a disclosure filing by Adriana Kugler
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