Powell Says Wasn’t Aware of Kaplan, Rosengren Trading

The transcript discusses the importance of public trust in the Federal Reserve and the need for a comprehensive review of ethics rules for Fed officials. It outlines current rules, including restrictions on asset ownership and trading, and highlights the necessity for changes to maintain public trust.

What is the significance of the trust of the American people in the context of the Fed's mission?

What specific restrictions are placed on Fed officials regarding ownership of assets?

During which periods are Fed officials not allowed to trade financial assets?

What measures are taken to ensure transparency in the activities of Fed officials?

What changes are being considered to improve the public's trust in the Fed?