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JP Cortez: Are America's money masters engaged in self-dealing?
By JP Cortez
Money Metals Exchange, Eagle, Idaho
Tuesday, September 21, 2021
America's central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfolios?
After some embarrassing revelations regarding the trading activities of two senior officials, Federal Reserve Chairman Jerome Powell abruptly ordered a comprehensive examination last week into internal compliance with an ethics rule directing Fed employees to avoid "actual and apparent conflicts of interest."
... Dispatch continues below ...
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According to the Fed's official code of conduct, Fed officials are "prohibited from participating personally and substantially in an official capacity in any particular matter in which, to the employee's knowledge, the employee has a financial interest if the particular matter will have a direct and predictable effect on that interest."
Documents revealed that Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made several trades of individual stocks, in some cases worth $1 million or more, in markets where Fed actions have impacted financial performance. ...
... For the remainder of the commentary:
https://www.moneymetals.com/news/2021/09/21/the-fed-corruption-self-dealing-002375
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