There is evidence that Jerome Powell, the current chair of the Federal Reserve, may have engaged in insider trading.
In 2020, Powell sold $500,000 worth of shares in Goldman Sachs, a company that stands to benefit greatly from the Fed’s actions during the coronavirus pandemic.
This raises serious questions about whether Powell used his position as Fed chair to profit personally from the crisis. If true, this would be a major violation of ethics and could calls into question the entire role of the Federal Reserve.
The Chairman of Federal Reserve sold off his stock portfolio last year. He sold between $1 million and 5 million dollars’ worth from a Vanguard Total Stock Market Index Fund – an investment that hasn’t previously appeared on Jerome’s disclosure form! The sale occurred right before shares in America’s iconic blue-chip stocks suffered significant drops with no end date as well- which may have something to do Trump ‘s trade war with China.
Insiders, Senators, and Congressmen are actively insider trading on a regular basis in Washington. Nothing to see hear. The American public can go back to watch Cat videos now…