Trump Appointed Top Fed Official Resigning Early After ‘Ethically Questionable’ COVID Transactions of Up to $5 Million
A top Federal Reserve official is retiring early after scrutiny over COVID-timed trades of between $1 million and $5 million, made just one day before a February 2020 statement on the coronavirus pandemic by Chairman Jerome Powell.
Vice Chair Richard Clarida was appointed to the Federal Reserve position in 2018 by then-President Donald Trump. In October of 2021 U.S.
Senator Elizabeth Warren called the transactions “ethically questionable” and demanded an investigation. The New York Times reported last week “that Mr.
Clarida had corrected his 2020 financial disclosures in late December in a way that ethics professionals said raised questions about one of his trades.” “The transaction drew an outcry from lawmakers and watchdog groups because it put Mr.
