Bloomberg TV Headline - Fed Talk Rattles Fixed Income
Get it? "Fixed Income". It's all rigged and fixed to benefit their trust funds and portfolios.
The Fed members and their children had it fixed for decades. "Gold" ends the Fed = GREED does them in.
Another reason they need a war distraction. Powell really did clobber the Fed.
Under the the new ethics rules:
-Officials are prohibited from holding individual stocks, sector funds, agency securities, bonds, commodities, cryptocurrencies, foreign currencies and derivatives contracts, and from engaging in short sales or buying securities on margin
-Officials must provide 45-day non-retractable notice for transactions, receive pre-approval for purchases and sales and hold investments for at least one year
-The time periods straddling FOMC meetings during which transactions are prohibited were extended by one day to align with the Fed’s communications blackout period
-Transactions will be prohibited during periods of heightened financial market stress
-Regional presidents will be required to disclose transactions within 30 days, as officials and staff of the Board of Governors already do
-The rules will apply to all members of the FOMC, regional bank first vice presidents, FOMC staff officers, the manager and deputy manager of the Fed’s System Open Market Account, Fed Board division directors and other individuals designated by the chair, as well as the spouses and minor children of all affected individuals
-The rules take effect May 1, with the pre-clearance requirement taking effect July 1
-Affected individuals will have 12 months to dispose of prohibited holdings and new employees will have six months
https://www.bloomberg.com/news/articles/2022-02-18/fed-adopts-sweeping-trading-restrictions-after-ethics-scandal?srnd=fixed-income