The new limits on Fed officials' investments came at "warp speed" for the central bank, just 44 days from the initial reports on regional bank presidents' trading activities, noted David Beckworth, a senior fellow at George Mason University's Mercatus Center.
The White House did not address the ethics scandal at the Fed specifically but White House spokesperson Karine Jean-Pierre said Thursday that Biden respects the independence of the Fed. The fallout from the ethics scandal may still resonate in those confirmation hearings if Powell is reappointed. Democratic Senator Elizabeth Warren of Massachusetts has said she will oppose his reappointment, and the ethics controversy has become a focus of both the senator and critics of Powell in general.
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Colin Powell Doesn’t Need You to Defend HimColin Powell was perfectly comfortable with his bloody legacy, writes zakcheneyrice zakcheneyrice most sociopaths are
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