Mooers’ Insights: Fed officials resigned after trading stocks actively
After active trading with an excessive amount of money in 2020, two regional Fed officials resigned on Monday due to ethical concerns.
Robert Kaplan, the president of the Dallas Fed, said he would resign to avoid becoming a distraction from the Fed's broader mission. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said he would step down this week for health reasons.
In our last discussion: "Fed officials become active traders: ethical or not?", many users expressed their unique insights. Here are some of the comments that you probably don't wanna miss!
@Syuee tells the importance of ethics, and it is necessary to ban ownership and trading of stocks by senior officials.
As @HuatLady said, it is not ethical for the Fed Officials to utilize their easy assess to knowledge to guide them in their investments' decisions.
As @HuatEver suggested, it is time for Jerome Powell to revise and re-evaluate the ethical regulations governing the individual’s investments.
@HopeAlways said Fed officials could be at a financial advantage in trading.
@VCSuccess believes that all investors should have an equal playing field when comes to investing.
What’s your thought?
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Ethan Chai : 1
Tame Your Fear : Walao.. Taking advantage of the job... Human nature and greed. Not easy to curb when it comes to easy money. Maybe that's how the world functions.