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Senators on Senate Banking Committee Accuse Fed Chair Powell of Hampering Trading Scandal Investigation

Thursday, July 14, 2022 10:41

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By Pam Martens and Russ Martens: July 14, 2022 ~ This month marks the 10th month since the worst insider trading scandal in the 109-year history of the Fed made media headlines. Yesterday, Senator Sherrod Brown, the Chair of the Senate Banking Committee, along with two of his fellow Senators on that Committee (Jon Ossoff and Raphael Warnock) and two additional Senators who do not serve on that Committee (Jeff Merkley and Kirsten Gillibrand) sent a stunning letter to Federal Reserve Chairman Jerome Powell. The overall thrust of the letter suggested that the Fed had attempted to quiet public outrage over the Fed’s trading scandal by issuing new trading conduct rules for Fed officials but had failed to put the force of law behind those rules or set up a proper chain of command. But three sentences in the letter also strongly suggest that the Fed Chairman is actually hampering the … Continue reading →

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Source: http://silveristhenew.com/2022/07/14/senators-on-senate-banking-committee-accuse-fed-chair-powell-of-hampering-trading-scandal-investigation/

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