Fed Stock Trading Emboldens Central Bank Critics, Report Says
News last week that leaders of the Dallas and Boston Federal Reserve banks were actively trading stocks and other investments while setting monetary policy continues to reverberate. “Once it might have been acceptable for Fed officials to own lots of stocks and bonds as long as none was issued by the banks that directly executed monetary policy and were also regulated by the central banks”. Karen Petrou of Federal Financial Analytics wrote in a report to clients. “Now of course none of this makes sense,” Ms. Petrou believes the situation as well as other factors, calls into question why quasi private regional…..