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Pam and Russ Martens: Fed misleads in making excuses for Powell's trades
12:56p ET Friday, February 11, 2022
Dear Friend of GATA and Gold:
Pam and Russ Martens of Wall Street on Parade report today that the Federal Reserve has provided them with a statement making excuses for Fed Chairman Jerome Powell's financial trading that appears to violate the Fed's rules for trading by members of the Fed's Board of Governors.
The statement, the Martenses write, has "many serious flaws."
Their analysis is headlined "The Fed Responds to Report that Fed Chair Powell Traded During FOMC Blackout Periods" and it's posted at Wall Street on Parade here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@ATA.org
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