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Fed sets trade restrictions for senior officials

The Federal Reserve has officially adopted new ethics rules aimed at limiting transactions in the financial markets by its senior officials, senior executives and close family members.

The central bank revealed the outline of these new rules last fall following revelations of active transactions by some of its officials. The Fed said on Friday that the new rules “are intended to bolster public confidence in the impartiality and integrity of the [interest-rate-setting Federal Open Market] work of the Committee, avoiding even the appearance of any conflict of interest.


Wj

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