Powell: To Fully Divest Assets Acquired Prior to Serving as Fed Chair, Transitioning to Cash Equivalents and Short-Term Treasuries
BlockBeats News, July 15th, Federal Reserve Chairman Powell attended the Senate Committee on Banking, Housing, and Urban Affairs for the "Federal Reserve Semiannual Monetary Policy Report" hearing. During the meeting, he stated, "I have exceeded the requirements of the ethics agreement by selling or being in the process of selling all assets I acquired before becoming Federal Reserve Chairman, converting my investments to cash equivalents and short-term U.S. government securities."
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