© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell takes his seat to testify earlier than a Senate Banking, Housing and City Affairs Committee listening to on “The Semiannual Financial Coverage Report back to the Congress” on Capitol Hill in Washington, U.S., July 15, 202
(Reuters) – Federal Reserve Chair Jerome Powell stated on Wednesday the present guidelines protecting central financial institution officers’ funding actions are “now seen as clearly not satisfactory” and modifications are wanted after latest information that two reserve financial institution officers have been lively buyers.
Powell, answering a query after the Fed’s newest coverage assembly, additionally stated he was not conscious of the buying and selling actions of reserve financial institution presidents Robert Kaplan and Eric Rosengren that has drawn criticism from Fed watchers.
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