The reputation of major US institutions is headed to hell in a handbasket.
Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic
Dennis Kelleher, CEO of the nonprofit Better Markets, said if some of these Fed actions are not against the rules, the rules need to change.
“To think that such trading is acceptable because it is supposedly allowed by Fed’s current policies only highlights that the Fed’s policies are woefully deficient,” Kelleher told CNBC.
