Two Fed officials announce retirements amid controversy over ethics and stocktrading

Two top Fed officials are leaving their posts amid scrutiny over their stocktrading activities during the covid crisis, behavior which spurred an unusual review by the Federal Reserve of trading rules for its officials.

Boston Federal Reserve Bank President Eric Rosengren and Dallas Fed President Robert Kaplan both announced their retirements on Monday. Earlier this month, the Wall Street Journal, Bloomberg News and other outlets reported on the financial disclosures of the regional bank presidents, showing that both actively traded in stocks and other investments while in their roles setting monetary policy and...