Tag: Robert Kaplan

Boston Fed Will Not Release Documents on Its Former President’s Trades

October 21, 2021
BostonBusiness & EconomyDistrict of ColumbiaEconomieseconomyEric RosengrenFedjerome powellLocal NewspresidentRegional-Local NewsRobert KaplantradesUSUS News
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WASHINGTON—The Boston Federal Reserve will not release documents that could show whether its former president vetted a series of personal investments last year with its ethics officer, a spokesman for the regional Fed bank said, a key point in an ongoing ethics controversy at the U.S. central bank. Eric Rosengren, along with Dallas Fed President…

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Dallas Fed Chief Robert Kaplan to Resign Following Stock Trade Controversy

September 28, 2021
Business & EconomyEconomieseconomyEric RosengrenFederal ReserveretireRobert KaplanUSUS News
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Dallas Federal Reserve President Robert Kaplan on Monday announced his resignation, with the move coming in the wake of recent controversy over stock trades he made during the pandemic, when the Fed took extraordinary measures that lifted the economy and boosted markets. The announcement, which came in a Sept. 27 press release from the Dallas Fed,…

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Trading Tantrum? Fed Officials’ Personal Dealings Stir Controversy, Call for Change

September 11, 2021
Business & EconomychangecontroversyDealingsEconomieseconomyEric RosengrenFedMarket WatchofficialsRobert KaplanUSUS News
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Media reports this week that two of the Federal Reserve’s 12 regional bank presidents were active traders has some of the central bank’s most vocal critics questioning the rules that allowed them to engage in the transactions in the first place. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made frequent or…

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Fed Officials to Sell Stocks to Avoid Apparent Conflict of Interest

September 11, 2021
Business & EconomyconflicteconomyEric RosengrenFedinterestMarket WatchRobert KaplanstocksUSUS News
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Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and…

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