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The Fed stated Thursday the brand new guidelines would apply to the system’s 12 reserve financial institution presidents and the seven governors on the central financial institution’s Washington-based board.
Fed Chairman
Jerome Powell’s
possibilities for a second time period main the central financial institution have been caught up within the reputational disaster triggered by senior officers’ stock-trading disclosures.
Mr. Powell, a Republican, had been the front-runner to maintain the job when his time period expires early subsequent yr. However questionable buying and selling actions by two Fed financial institution presidents, first reported final month
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