Photo: Jerome Powell

The Federal Reserve is coming under greater scrutiny from inside and outside its walls following revelations about market trading by senior officials in 2020 as the coronavirus forced the central bank to leap to the rescue of the U.S. economy.

Days after Bloomberg News first reported trades made last year by Vice Chair Richard Clarida, the Fed said late Monday that its internal watchdog will review whether actions by "certain senior officials [were] in compliance with both the relevant ethics rules and the law."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.