Posted on 10/19/2021 2:52:52 AM PDT by blueplum
Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million in stocks at the beginning of October 2020 — a month that turned out to be the worst for Wall Street since the beginning of the COVID-19 pandemic.
The transaction, which is noted on a public disclosure form Powell signed off on in May and was first reported Monday by The American Prospect, is an uncomfortable echo of activities that led to the recent resignations of two regional leaders of America’s central bank....
...As Powell played the market, he was calling on Congress to pass a second COVID-19 relief bill ...
...Separately, Bloomberg News reported on Oct. 1 of this year that Federal Reserve Vice Chairman Richard Clarida had moved between $1 million and $5 million out of one mutual fund and into two other funds on Feb. 27, 2020, the day before Powell signaled a potential interest rate cut due to the pandemic...
(Excerpt) Read more at nypost.com ...
Like he’s the only one who sold stock that week.
Yes, the second one seems a bit more specific.
...Separately, Bloomberg News reported on Oct. 1 of this year that Federal Reserve Vice Chairman Richard Clarida had moved between $1 million and $5 million out of one mutual fund and into two other funds on Feb. 27, 2020, the day before Powell signaled a potential interest rate cut due to the pandemic...
The corruption of power is absolute and universal, and should be presumed until disproven; not the other way around.
It’s unreal that government officials, and further, FOMC people can trade the market they control. It’s complete corruption. At a minimum FOMC staff should not be able to trade.
Can their spouse and family members trade???
Our country is led by liars and thieves.
Don’t know but assume so.
There’s plenty of speculative stock reports going on every day...hardly insiders information.
So what?
In later years found to be a good left leaning soldier perfect for the rhino cause
Yeah maybe… but the reason the story is out is because “Them!” want to replace Powell with a left wing radical climate activist woman. Otherwise it would have never seen the light of day. Read all about it here… https://nypost.com/2021/10/17/marxists-try-to-take-fed-reserve-as-biden-weighs-powell-reappointment/amp/?utm_campaign=iphone_nyp&utm_source=twitter_app&__twitter_impression=true
My first thought was, I bet everyone in congress did the same. I bet they all have investments in Pfizer/Moderna too or at least a family member does.
I was prescient too. A few years ago I bought into an Energy fund as it turned out, on the last HIGH day and lost money for 3 years until it recently turned thanks to Brandon.
What I noticed was that Pfizer was out first but Fauci waited for Moderna. He also wrote about Moderna early on. I’ll post that. Tells me he had insiders info.
Mr Nancy (Paul) Pelosi sure does make amazing amounts of money trading so I think they can.
Huh? You don’t think the Vice Chairman might know that the Chairman he works under is going to lower interest rates tomorrow?
Everybody knew it was going to happen. Geez...it was all over the news.
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