BREAKING NEWS

The Federal Reserve announced sweeping new limits on trading by senior Fed officials after repeated criticism of its ethics rules.

Thursday, October 21, 2021 2:05 PM EST

The announcement amounted to rough guidelines and principles, ones that will be fleshed out and incorporated into official Fed rules in the weeks and months to come.

It came as the Fed continued to grapple with fallout from trades made by regional reserve bank officials during 2020.

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