This is not good news for dirty politicians.
Democrat Senator Elizabeth Warren is now demanding the Federal Reserve release more information about the recent stock market trades made by certain politicians right at the beginning of the coronavirus pandemic.
According to Fox, Warren, who sits on the Senate Banking Committee, is demanding for more information after a New York Times report alleged that Richard Clarida, the Fed’s departing vice chair, withheld the extent of a financial transaction he made in early 2020. This suggests that Clarida actively trading stocks shortly before Chairman Jerome Powell allowed the central bank to spend trillions of dollar to keep the economy afloat.
“I am deeply concerned that your continued refusal to release information about Fed officials’ trading is at odds with your stated commitment to address the scandal ‘forthrightly and transparently’ and that, particularly in light of the new report, it raises suspicions that the Fed may be failing to disclose the full scope of the scandal to the public,” Warren said in a statement.
What’s worse is that Clarida moved anywhere from 1-5 million dollars out of a bond fund into a stock fund on Feb. 27, 2020. Just one day before Powell made his announcements.
Other than Senator Warren, President Biden and other politicians have remained silent on this controversial topic.