Original title: [stock index futures market data] the Federal Reserve will conduct a moral review of officials' stock speculation Source: international Derivatives think Tank
As of now (16:09 Beijing time), E-Mini NASDAQ100 (E-MINI NASDAQ100) 09 contract fell 5.5 points (0.0.3%); Mini S & P 500 (E-MINI S&P500) 09 contract rose 1.25 points (0.03%); E-Mini Dow Jones(E-MINI DOW) 09 contract rose 35 points (0.10%).
At a critical moment when Federal Reserve Chairman Powell sought re-election, US media exposed last week that Fed officials frequently traded and held large positions during the ups and downs of US stocks last year, which aroused anger and criticism from ordinary people and even US senators. Powell immediately ordered a review of the Fed's ethics rules.
A spokesman for the Federal Reserve said on September 16 that because trust is essential for the Fed to effectively carry out its important mission, Federal Reserve Chairman Colin Powell instructed board staff late last week to re-examine the ethical rules that senior Fed officials are allowed to hold financial positions and conduct trading activities.
The spokesman added that the review would help determine ways to further tighten these rules and standards, that the Fed would modify them as appropriate, and that any changes would be added to the reserve bank code of conduct.
Analysts at the International Derivatives think-tank believe that if Fed officials take advantage of their positions to make profits in stocks, it will be a heavy blow to Powell's re-election, and if the Fed changes its coach, it may change the financial structure.