Powell, Clarida cleared in Fed probe of financial trades ...Middle East

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Powell, Clarida cleared in Fed probe of financial trades
Federal Reserve Chair Jerome Powell and former Vice Chair Richard Clarida were cleared in an internal probe of their financial transactions, according to a memo from the Fed’s internal watchdog released Thursday. The Fed’s inspector general office (IG), an independent internal watchdog, investigated several financial transactions conducted by the bank’s top two officials in 2019 and 2020, but “did not find evidence” they “violated laws, rules, regulations, or policies related to trading activities as investigated by our office.” The Fed board of governors asked the IG in October to investigate financial trades conducted by Clarida, former Federal Reserve Bank of Dallas President Rob

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