Regional Fed presidents sell equities after media reports
Rosengren and Kaplan divest assets to avoid “even the appearance” of conflict of interest
The presidents of two regional Federal Reserve Banks pledged to divest from all their individually owned equities after US media revealed details of their investments.
Robert Kaplan of the Dallas Fed and Eric Rosengren of Boston issued similar statements on September 9 stressing that their transactions complied with Fed ethics rules. However, they said they would sell any actively managed assets by September 30 to, as both said, “avoid even the appearance of a conflict of interest”.
“While
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