Powell Orders Ethics Review after Fed Presidents Disclosed Multimillion-Dollar Investments

CNBC, Sept. 16, 2021–Thomas Franck
News of Powell’s inquiry broke after Sen. Elizabeth Warren sent 12 letters to the Fed’s regional bank presidents demanding stricter ethics from the nation’s top central bank officials. The Massachusetts Democrat called on each Fed president to institute a ban on the ownership and trading of individual stocks by senior officials at each regional office.