Watchdog Says Fed Officials Did Not Violate Laws, Ethics Rules in Recent Financial Trades

Watchdog Says Fed Officials Did Not Violate Laws, Ethics Rules in Recent Financial Trades
Federal Reserve Chair Jerome Powell testifies in Washington, on June 23, 2022. Win McNamee/Getty Images
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Recent financial trades by Federal Reserve Chair Jerome Powell and former Vice Chair Richard Clarida were determined by the central bank’s independent watchdog to have not violated any laws or ethics rules.

The Office of the Inspector General said it is closing its investigation into the pair’s investment activities from 2019 to 2021.