Elizabeth Warren calls for the Fed to release March 2020 ethics warning
CNN
Senator Elizabeth Warren urged the Federal Reserve on Thursday to release a March 2020 ethics warning provided to Fed officials that could shed light on the central bank's trading scandal.
"I am writing to ask that you release this information immediately, so that Congress and the public can evaluate the extent to which Fed officials may have known of the risks from their trading, and if they ignored calls by ethics officials to avoid this scandalous behavior," Warren wrote in a letter to Fed Chairman Jerome Powell.
Warren cited a report in The New York Times earlier Thursday that revealed the Fed's ethics office sent an email in March 2020 suggesting officials with access to sensitive Fed information may want to avoid unnecessary trading as they launched a daring rescue of the economy from the erupting pandemic.
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