Latest Municipal bonds News

Fed imposes sweeping new limits on policymakers' investments

Oct. 21, 2021 17:03 PM EDT

WASHINGTON (AP) — The Federal Reserve is imposing a broad new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. The Fed announced Thursday that its policymakers and senior...

2 top Fed officials retire in wake of trading disclosures

Sep. 27, 2021 19:29 PM EDT

WASHINGTON (AP) — In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed's rules on investments. Eric Rosengren, the...

Under pressure, Powell says Fed to revamp its trading rules

Sep. 22, 2021 19:09 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest. ...