Under pressure, Powell says Fed to revamp its trading rules

FILE - In this Thursday, July 15, 2021, file photo, Federal Reserve Board Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs hearing to examine the Semiannual Monetary Policy Report to Congress, on Capitol Hill in Washington. On Wednesday, Sept. 22, 2021, Powell said that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest.

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