Senate Banking Chief Plans Bill to Address Fed Officials’ Stock Trades
The head of the U.S. Senate Banking Committee on Tuesday verbally expressed he plans to introduce legislation that would veto ownership of individual stocks by Federal Reserve officials in the aftermath of revelations that two reserve bank presidents had been active investors.
Democratic Senator Sherrod Brown of Ohio told Fed Chair Jerome Powell of his intent to introduce the legislation at the commencement of a aurally perceiving Brown’s committee was holding to review actions by the Fed and U.S. Treasury to shield the economy during the coronavirus pandemic.
Source: You can read the original Epoch Times article here.
This News Article is focused on these topics: Business & Economy, Companies, Congress, Economies, Economy, Politics, US, US News, Senate, Banking, Chief, Stock, Trades, Fed, Sherrod Brown