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#Fed Chair

Fortune

Federal Reserve bans officials from buying stocks and bonds, as well as restrict trading after ethics scandal

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The Federal Reserve will ban policy makers and other senior officials from buying individual stocks and bonds and will also restrict active trading after an ethics scandal led to the departure of two regional presidents and undermined confidence in the central bank.
U.S. POLITICS
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cryptonews.com

Fed Chair On Higher Inflation, Robinhood's Million Crypto Wallets, NFT Unicorn + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Elevated inflation is "likely to last longer than previously expected and well into next year," Federal Reserve (Fed) Chair Jerome Powell, said today, as reported by Reuters. The bank is also "on track" to begin reducing its purchases of assets and the Fed "would certainly use [its] tools," if "a risk of inflation moving persistently higher." (Learn more: Inflation Scares in an Uncharted Recovery)
MARKETS
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TRENDING TOPICS

Powell could one-up new Fed ethics rules

NEW YORK, Oct 21 (Reuters Breakingviews) - New Federal Reserve ethics rules are a step in the right direction. The U.S. central bank said on Thursday it would ban senior officials from owning individual securities, among other changes – a belated but sensible move. Yet there are simpler ways to ensure perceived conflicts can't arise.
U.S. POLITICS
abc17news.com

Powell says inflation risks rising, but Fed can be ‘patient’

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. But he says the Fed is not yet prepared to lift its benchmark interest rate. Powell has previously said that shortages and higher prices are mostly a result of the pandemic’s impact on supply lines, with factories in Asia temporarily closing amid COVID infections and dozens of cargo ships anchored offshore. The Fed chair spoke at a virtual conference Friday hosted by the South African Reserve Bank.
BUSINESS
kalkinemedia.com

US stock close mixed on Powell's hawkish remark

Dow Jones closed higher, while S&P 500 and Nasdaq drifted on Friday, October 22, after Fed Chair, Jerome Powell's tapering remarks weighed on investors' sentiment. However, the optimism over the robust earnings has pushed the indices towards their third consecutive week of gains. The S&P 500 was down 0.11% to...
STOCKS
classybuzz.com

Fed cracks down on trading by top officials in wake of scandal

Revelations final month that Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren actively traded in shares and actual property belongings whereas the central financial institution was engaged in an intensive rescue of monetary markets led each males to resign. That has rippled out into scrutiny of funding exercise by different central financial institution officials, together with Vice Chair Richard Clarida and Powell himself.
MARKETS

Financial oversight panel unveils climate risk plan

An interagency panel of financial regulators on Thursday approved a series of recommendations meant to help the federal government identify and fend off climate-related risks to the financial system. The Financial Stability Oversight Council (FSOC) on Thursday issued a long-awaited report on the ways climate change and the societal response...
ENVIRONMENT

Fed cracks down on top officials' trading in bid to end ethics scandal

WASHINGTON, Oct 21 (Reuters) - The Federal Reserve on Thursday banned individual stock purchases by its top officials and unveiled a broad set of other restrictions on their investing activities, taking action roughly six weeks after reports of active trading by some U.S. central bank policymakers triggered an ethics uproar.
ECONOMY

Factbox: How Fed policymaker investments stack up against each other

Oct 21 (Reuters) - The U.S. Federal Reserve on Thursday banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar. The...
ECONOMY
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