Powell from the Fed checked for the possession of bonds of the same type that the central bank bought during the pandemic - news

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Since a number of US Federal Reserve President were criticized for their stock movements in 2020, the chairman of the Fed, Jerome Powell, was put into the spotlight because he has municipal bonds worth $ 1.5 million, as the US Federal Reserve 2020 bought during the pandemic

All eyes are aimed at Jerome Powell's municipal bond portfolio

Three days ago the topic of high-ranking members of the Federal Reserve ACTIVELALS in value Senator Elizabeth Warren, in 2020 href = "https://www.warren.senate.gov/newsroom/press-calls-calls-on-ubleserve-banks-tstricter-ethics-ethics-after-fter-troubling Writing criticized the ethics of the bank member, and the chairman Jerome Powell said he would initiate an ethics examination. Not too long after the media had grilled the US Federal Reserve, revealed reports that the chairman of the Federal Reserve had some types of local bonds, similar to those who saved the Fed during the Coronavirus crisis.

It is also not the first time that Jerome Powell's portfolio is examined by the public. The Wallstreetparade.com journalists Pam Martens and Russ Martens wrote about the matter and Sven Henrich von Nortman Trader tweeted it in June. The Martens Article at the time said that Powell invested "more than $ 11.6 million in Blackrock, the company that is managed by a rescue program for corporate bonds of $ 750 billion for the Fed".

on September 18 CNBC reported on this topic and found that Powell's financial steps did not seem to violate the Central Bank's code of conduct. Cnbcs steve liesman said that the code of conduct of the FED said that civil servants should "carefully avoid shops or other behaviors, which even only appears the appearance of a conflict between their personal interests, the interests of the Systems and the public interest could arouse. ”

In addition, Liesman said that "Powell between 1.25 and 2.5 million was bought before 2019, while the FED bought more than $ 5 billion in Munich last year, including one from the state of Illinois, which was bought by his family service in 2016," added Liesman.

Better Market's Executive: "The Fed's policy is noticeable - all year round should be viewed as blackout"

Powell has seen a flood of negative press recently, and on September 1, Bitcoin.com News about how the US legislators Alexandria Ocasio-Cortez (AOC), Rashida Tlaib and Ayanna Pressley want a new central bank management . A chairman who contributes to "reducing the risk" [of] climate change, "said AOC recently. href = "https://news.bitcoin.com/sources-with-ties-ton-joe-biden-will-renominate-fed-chair-jerome-powell/" Rel = "noopener"> believes that Joe Biden Jerome Powell will be appointed head of the fed.

In the meantime, Dennis Kelleher, CEO of a non-profit organization called Better Markets, said that the steps of the leading Fed officials did not meet the good taste. "To think that such a trade is acceptable because it is supposedly allowed from the current policy of the Fed, only shows that the policy of the Fed is miserable," emphasized Kelleher. When Kelleher was said that the Fed officials could act the shares because it was not a blocking period, the CEO noticed a non-profit organization:

The whole year should be seen as a blackout period.

What do you think of the fact that Fed chairman Jerome Powell gets into a controversy with Richmond Fed President Thomas Barkin and Boston Fed President Eric Rosengren? Let us know your opinion on this topic in the comments below.

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