The Fed has lost all legitimacy.
From policy errors & misjudgments, to insider trading, expanding wealth inequality, increasing the social divide and now outright hurting the most vulnerable in society with inflation. All for what? Not to upset markets?
This is a disaster. https://t.co/5jr5oKX7CL— Sven Henrich (@NorthmanTrader) February 10, 2022
Who would have though the whole FED was trading including family members… https://t.co/XV96Os0Zkn
— GregTheAnalyst (@Analyst_G) February 11, 2022
JUST IN:
More @federalreserve members have been caught trading.
Economists John Stevens and Diana Hancock, both currently senior associate directors in the Fed’s research and statistics division, reported trading in February and March 2020, as the central bank pushed stimulus.
— unusual_whales (@unusual_whales) February 11, 2022