The Federal Reserve’s inspector general said there was no evidence to substantiate allegations that Fed Chairman Jerome Powell or former Fed Vice Chairman Richard Clarida violated any laws or regulations with their trading activity.
In a July 11 letter to Powell, Mark Bialek, the Fed’s inspector general, said: “We did not find evidence to substantiate the allegations that former Vice Chair Clarida or you [Powell] violated laws, rules, regulations, or policies related to trading activities investigated by our office.”
Powell…
