The Federal Reserve’s internal watchdog said on Monday the former Dallas and Boston Federal Reserve presidents created the appearance of a conflict in interest in how they reported their investing activity. Robert Kaplan, who stepped down as head of the Dallas Fed in September 2021 amid a controversy over the trading, did not break any laws or regulations in his trading, but documented his investing in a way that "did not support public confidence in the impartiality and integrity" of the U.S. central bank, the report from the Fed’s Inspector General said.
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