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Powell On New Conflict Of Interest Rules

FED
  • Q: Can you speak on the new conflict of interest rules re Fed officials' financial activity, do you intend to toughen those rules?
  • A: Those are the toughest rules in place at any comparable institution I'm aware of. You won't be able to make trades unless they're pre-cleared and the amount of trades you make will have to be 45 days or more before any FOMC meeting. I think we've really created a very strong and robust set of rules that will support public trust in the institution. I'm proud of what we did.

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