'Fed officials are making a mockery of ethics—and Chair Powell is failing to overhaul a culture of corruption,' said SenWarren about a Federal Reserve president speaking at an invite-only Wall Street forum.
in a series of tweets about her reporting:"Against Fed rules? Unclear, though we go through them in the story. Bad look? Definitely, a range of people said."
Narayana Kocherlakota, a former president of the Federal Reserve Bank of Minneapolis, told her that"this is not normal" and with Citi's clients involved,"the optics are terrible." The report explains that while the Fed's rules don't bar Bullard from attending such events, comments shared behind closed doors should align with previous public statements, and central bankers should"not provide any profit-making person or organization with a prestige advantage over its competitors."
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