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CNBC notes that "the Federal Reserve said it is working with the Office of Inspector General in its review of 2020 trading activity by a handful of central bank officials to determine if those transactions met ethics standards and did not break any laws."
- "As part of our comprehensive review, we began discussions last week with the Office of Inspector General for the Federal Reserve Board (OIG) to initiate an independent review of whether trading activity by certain senior officials was in compliance with both the relevant ethics rules and the law," a Fed spokesman told CNBC. "We welcome this review and will accept and take appropriate actions based on its findings."