Two Fed presidents resign after criticism of their investment activities
The fact that no rules were broken means they need to be tightened
ROBERT KAPLAN had a busy 2020. As a voting member of the Federal Reserve’s monetary-policy committee, he participated in its decisions to ramp up stimulus. As head of the Dallas Fed, he made two dozen public appearances, speaking at chambers of commerce, think-tanks and conferences. And as a wealthy individual, he traded millions of dollars’ worth of stocks in companies from Apple to Chevron.
This article appeared in the Finance & economics section of the print edition under the headline “Setting rates and trading them, too”
Finance & economics October 2nd 2021
- How a housing downturn could wreck China’s growth model
- China’s new political risk premium
- The latest shock to China’s economy: power shortages
- Can lending controls solve the problem of unaffordable housing?
- Two Fed presidents resign after criticism of their investment activities
- Making sense of the chaos in commodity markets
- Just how Dickensian is China?
- Award: Henry Curr
From the October 2nd 2021 edition
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Its central bankers are increasingly hopeful
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When will something break?