Person
Jerome H. Powell (Chair, Board of Governors of the Federal Reserve System)
Findings that rest on exhibits naming this entity
- POL-8.13: A staff analysis by the Democratic majority of the House Select Subcommittee on the Coronavirus Crisis reported that bonds the Fed bought through the Secondary Market Corporate Credit Facility came from companies that laid off more than one million workers. Chair Powell answered on 23 September 2020 that the Fed bought small amounts across about 800 issuers because it did not want to decide which companies to buy from.
- POL-8.14: The Fed's Office of Inspector General found that Chair Powell and Vice Chair Clarida did not violate the trading rules then in effect, that Dallas Fed President Kaplan violated no rule, and that Boston Fed President Rosengren did not report multiple 2020 trades on his disclosure form, and it found insufficient evidence for a law-enforcement referral in each case. On 4 September 2024 the OIG reported that Atlanta Fed President Bostic violated the FOMC blackout rule, the disclosure policies, the prohibited-holdings policy and the preclearance rule, and no insider-trading or federal conflict-of-interest law.
Exhibits naming this entity
- Exhibit 799 23 September 2020. U.S. House of Representatives, Select Subcommittee on the Coronavirus Crisis: Hybrid hearing with the Federal Reserve Chair Jerome H. Powell, Select Subcommittee on the Coronavirus Crisis, Serial No. 116-119
- Exhibit 804 18 January 2024 (closing memorandum issued 11 July 2022). Federal Reserve Board Office of Inspector General: Report of Investigation on the Closing of 22-0028-I Board Trading Activity (Powell, Clarida)