4 ms·
I agree that it's a conflict of interest, but I'm not sure how the chair of the fed could keep their money without a conflict of interest somewhere, given that
by Shrezzing 3y ago
I agree that it's a conflict of interest, but I'm not sure how the chair of the fed could keep their money without a conflict of interest somewhere, given that their role necessarily has interests in all US financial institutions.
For the chair to not have a conflict of interest, they'd need to forfeit all their money, or keep it in cash under their mattress.
- celtoid 3y agoI'm of the opinion that anyone in government or regulatory agencies should be forbidden from conducting any business at all while in office. Put it all into a blind trust. It should be a crime to be a regulator while doing business with the entities one is regulating. As I said, just my opinion.
- Shrezzing 3y ago>I'm of the opinion that anyone in government or regulatory agencies should be forbidden from conducting any business at all while in office. Put it all into a blind trust. Following the Dallas/Boston Fed scandals a couple of years ago, the Fed does enforce this separation of interests, and Powell's money is now held in a blind trust. The trust is managed by Blackrock.
- gottorf 3y ago> keep it in cash under their mattress Even that would be a conflict! They are Federal Reserve Notes under that mattress, after all.