A top Federal Reserve official is retiring early after scrutiny over COVID-timed trades of between $1 million and $5 million, made just one day before a February 2020 statement on the coronavirus pandemic by Chairman Jerome Powell.
Vice Chair Richard Clarida was appointed to the Federal Reserve position in 2018 by then-President Donald Trump. In October of 2021 U.S.
Senator Elizabeth Warren called the transactions “ethically questionable” and demanded an investigation. The New York Times reported last week “that Mr.