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Atlanta Fed's Bostic Blackout-Period Trades Probed

FED
  • Atlanta Fed President Bostic, set for a FOMC voting role in 2024, will be subject to an independent review by the central bank's Office of Inspector General after Bostic revealed violations, including trades during blackout periods.
  • "After reviewing the documents and discussing these issues with President Bostic and the Atlanta Fed's chief ethics officer, the board acknowledges the violations and accepts President Bostic's explanation. My board colleagues and I have confidence in President Bostic's explanation that he did not seek to profit from any FOMC-related knowledge."
  • Full statement here: https://www.atlantafed.org/news/pressreleases/2022/10/14/statement-from-federal-reserve-bank-of-atlanta-board-chair-elizabeth-smith

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