Political Quotes

“I rise today to express concern about a culture of corruption among top officials at the Federal Reserve. Officials at the Federal Reserve are entrusted to make decisions that affect the global economy and touch the lives of every person in our country. These officials have access to private information, often gathered at the expense and even by legislative mandate. There is no room for self-dealing by Federal officials. There is no room for even the appearance of self-dealing. Every member of the Federal Reserve should know that without a reminder from Congress. But, evidently, there is a problem at the Fed. We don't know the scope of the problem or how long it has been going on, but a very disturbing picture is emerging. Last month, it was discovered that, during the economic turmoil of 2020, as the Fed was called on to take extraordinary measures to support our economy, Robert Kaplan, President of the Federal Reserve Bank of Dallas, made multiple million-dollar-plus stock trades. It was also disclosed that, in the same period, Eric Rosengren, President of the Federal Reserve Bank of Boston, made multiple purchases and sales related to his stakes in real estate investment trusts and other securities.…”