Focus of Fed trading furore shifts to Powell’s activities
- October 21, 2021
- Gary Richardson, economics, Financial Times, Oct. 21, 2021
Gary Richardson, [professor of economics], at the University of California, Irvine [said], “The public pays the Fed’s leaders much less than they would make working in the private sector; in return, the public has let the Fed’s leaders actively manage their portfolios (maintaining their incomes) as long as their private and personal interests don’t impact public policy and don’t take direct advantage of the knowledge that they acquire in their positions,” he said.
For the full story, please visit https://www.ft.com/content/d358ec51-c47c-469b-8027-00a2332fdcd3.