[Pro Publica] After looking for nearly six months, the Federal Reserve says it couldn't find out who had shared confidential policy information. Critics in Congress aren't satisfied with the account.
The leak has become a focus of bipartisan criticism in Congress because of concerns about the Fed's internal controls and whether the leaked information, involving deliberations by the Federal Open Market Committee, could have provided an unfair advantage to investors who received the newsletter.
Fed interest rates up? Fed interest rates down? Up, down, up, down, up, down..... who could possibly benefit or gain 'market advantage' from such a pattern ? [sarc off] |