Richard Clarida, implicated in possible conflicts of interest, will leave the US Federal Reserve this Friday, two weeks before the end of his mandate. He pleads for a “rebalancing” in the transactions he made at the start of the pandemic …

The controversy bounces back at the Fed. The vice-chairman of the US Federal Reserve, Richard Clarida, will leave the institution on Friday, two weeks before the end of his term. This resignation comes as he is suspected, like other members of the Fed, of conflicts of interest.

Last week, the vice president, close to Jerome Powell, revealed the sale of securities just at the start of the pandemic. As of February 2020, he had sold between $ 1 million and $ 5 million worth of securities in bond funds and had bought, also for an amount between $ 1 and $ 5 million, shares traded by a fund.

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Ref: https://www.lesechos.fr