Warren says disclosures reflect ‘atrocious judgement’
Elizabeth Warren asked the SEC to investigate whether trades made by Fed officials, including Kaplan, Rosengren and Clarida violated insider trading laws.
Kaplan and Rosengren resigned.
On Friday it was revealed the Clarida moved moved $1-$5 million out of one mutual fund and into
two other funds the day before Fed Chairman
issued a statement flagging a potential rate cut due to pandemic
A Fed spokesman said in a statement that Clarida’s 2020 transactions “represent a preplanned rebalancing of his accounts.” I suspect he will be further pressed on that point.