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Tag: Jerome Powell

Everything You Need to Know About the Federal Reserve Trading Scandal

Exposing Pandemic Profiteering at American’s Central Bank, Leadership Failures & Cover Up As hundreds of thousands of Americans were dying and tens of millions were being thrown out of work due to a catastrophic pandemic that gripped the country with fear, some of the most senior officials at the U.S. central bank – the Federal […]

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The Federal Reserve’s Disturbing Pattern of Late-Friday Bank Merger Approvals Highlights the Need for More Transparency and Accountability

WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement on today’s action by the Federal Reserve to approve the acquisition of People’s United Bank by M&T Bank: “Today the Federal Reserve announced yet another late-Friday approval of a bank acquisition, which follows its late-Friday announcements of three bank […]

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Fact Check Memo: Critics of Sarah Bloom Raskin for the Federal Reserve Board Distort Her Climate Statements Which Align with Chair Powell, Former Vice Chair Quarles, Wall St’s Banks & Others

FOR IMMEDIATE RELEASE Monday, January 31, 2022 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, issued the following statement in connection with the release of a Fact Check Memo detailing critics’ distortion of Sarah Bloom Raskin’s statements regarding climate, which align with Chair Powell, […]

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Vice Chairman Clarida’s Resignation Confirms There Is an Epidemic of Ethical and Legal Violations at the Highest Levels of the Federal Reserve

FOR IMMEDIATE RELEASE Monday, January 10, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in response to the announced resignation of Federal Reserve’s Vice Chair Clarida: “Federal Reserve Vice Chair Richard Clarida’s conduct in seeking to personally profit […]

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As Explosive New Facts About Federal Reserve Insider Trading Scandal Are Revealed, Better Markets Renews Call for the Fed to End Its Cover Up and for an Investigation by the Justice Department

FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in connection with the New York Times story today about Federal Reserve’s Vice Chair Clarida’s amended trading disclosure: “The New York Times’ explosive story […]

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The Fed’s Announcement of New Trading Restrictions Are A Good Start, But They Have to Be Broader and Cannot Be Used to Whitewash The Prior Pandemic Trading; the Stonewalling Must Stop

WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement regarding the Federal Reserve’s announced new trading policies: “The changes announced today by the Federal Reserve are long overdue and a good start, but don’t go far enough.  First, the policies must be broader and apply to […]

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Statement on Revelations that Federal Reserve Chair Jay Powell Engaged in Personal Trading During the Pandemic in 2020

WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement regarding the revelations that Federal Reserve Chair Jay Powell traded during the pandemic in 2020: “It was reported yesterday that the most senior leader of the U.S. central bank, Federal Reserve Chair Jay Powell, had substantial personal […]

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Contrary to His Testimony Before the Senate Banking Committee Today, Federal Reserve Chair Powell Has Dangerously Deregulated Banks,Making Crashes and Taxpayer Bailouts More Likely

WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to statements made by Chairman Jay Powell during testimony to the Senate today: “Federal Reserve Chair Powell’s responses and non-responses today to Senator Warren’s laudable line of questioning on his dangerous and irresponsible deregulations were misleading,  […]

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