Fed's New Internal Trading Policy Full Of Loopholes, Sens. Say

By Katryna Perera (June 11, 2024, 10:14 PM EDT) -- Sens. Elizabeth Warren, D-Mass., and Rick Scott, R-Fla., have called on Federal Reserve Board Chair Jerome Powell to repeal what they say is a "failed approach" to addressing allegedly illicit trading by Fed officials, saying the long-awaited policy is riddled with loopholes, contains weak penalties and requires no transparency for officials who violate the trading rules....

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