Federal Reserve
Under the new rules, senior Fed officials are barred from buying individual stocks or holding investments in individual bonds, agency securities, cryptocurrencies or foreign currencies. They will also be required to provide 45 days of non-retractable notice for purchases and sales of approved securities, like mutual funds, as well as obtain prior approval for such transactions and agree to hold the investments for at least one year.
Federal Reserve Board Chair Jerome Powell testifies before Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, Thursday, July 15, 2021, on Capitol Hill in Washington. The Fed put the new regulations in place after two top officials – Robert Kaplan, president of the Federal Reserve Bank of Dallas, and Eric Rosengren, president of the Federal Reserve Bank of Boston – resigned following revelations that they bought and sold stocks and-tied assets in early 2020 as the central bank undertook aggressive policy action to bolster the economy at the start of the COVID-19 pandemic.
🤣 BREAKING: The 15 boxes of White House records stored at former President Trump’s Mar-a-Lago residence included classified national security information, the national archives says. The agency said it has referred the matter to the Justice Department. 🙏
Success Through Networking with Frank Agin on The Tony DUrso Show Frank is the founder & president of AmSpirit Business Connections, where he works to empower entrepreneurs, sales representatives & professionals around the country to become more successful
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