Covert and illegal activities, blow to the credit of the US Federal Reserve

Richard Clarida, the US Federal Reserve’s second-highest-ranking official, will step down early after revealing new details of business activity in the early days of the Corona virus, IRNA reported on Tuesday, quoting Axius.

His term as US Federal Reserve was scheduled to end on January 31, but he is scheduled to step down three days later on January 14 following the disclosure of his business activities. Slowly

With the arrival of the Corona virus in the United States in late February 2020 and the economic turmoil, the US Federal Reserve began its efforts to support markets and the economy, but at the same time, Clarida began buying shares.

Clarida’s commercial activities were finally revealed in 2021, but the central bank initially described them as part of its efforts to balance the market.

Earlier, Robert Kaplan, governor of Dallas, Texas, and Eric Rosengen, governor of Boston, Massachusetts, resigned last year after revealing clandestine transactions during the same period.

US Federal Reserve Chairman Jerome Powell is said to be due to appear in the Senate on Tuesday to answer some questions and be held accountable for undermining ethics in the Fed.