Robert Kaplan Steps Down as Dallas Fed Chief

The transcript discusses the resignations of Rob Kaplan and Eric Rosengren from the Federal Reserve due to controversies surrounding their financial trades. Kaplan cited his trades as a distraction, while Rosengren mentioned health reasons. The Federal Reserve is concerned about its political image and the potential reaction from Congress. The transcript highlights the ethical standards and political pressures faced by the Fed.

What ethical standards did Kaplan claim to have adhered to during his tenure?

What did Powell say when asked about his faith in Rosengren and Kaplan?