Powell’s Stock Trades Leaked, Show Multi-Million Sale As Market Tanked

https://www.zerohedge.com/markets/powells-stock-trades-leaked-show-multi-million-sale-market-tanked

by Tyler Durden

With leaked trades in their personal accounts already costing two Fed presidents their jobs, and a third – vice chair Richard Clarida – currently on the ropes amid speculation he will soon follow, a few weeks ago we joked that if forces within the Fed want to get rid of all the hawks, they should just leak Esther George’s – the Fed’s last remaining uberhawk – trading record.

To be honest, not even we expected that the progressive American Prospect magazine (initially called The Liberal Prospect), the domain of such ultra-leftists/socialists as Robert Reich, Robert Kuttner, and Paul Starr, and whose interns include Bernie Sanders advisor Matt Duss, Ezra Klein and Matt Yglesias, would try to kill Powell’s candidacy by leaking his trades in hopes of getting the Fed’s resident socialist, Lael Brainard, to replace Powell amid the growing storm over Fed trades.

But that’s precisely what happened this morning, when the Prospect revealed that, amid 26 publicly disclosed transactions in 2020, Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020, a sale of the Vanguard Total Stock Market ETF, or VTI, according to disclosure forms reviewed by the Prospect and subsequently leaked in hopes of crushing Powell’s renomination chances.

Powell’s full transaction breakdown is below … (continue reading)

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B_MC
B_MC

To be honest, not even we expected that the progressive American Prospect magazine….would try to kill Powell’s candidacy by leaking his trades in hopes of getting the Fed’s resident socialist, Lael Brainard, to replace Powell amid the growing storm over Fed trades.

Marxists try to take Federal Reserve as Biden weighs whether to reappoint Powell: Devine

If progressives take over the central bank, they will have power beyond their wildest dreams to advance their destructive ideological agenda through economic policy that bypasses Congress. They can use powerful financial levers to implement their favorite wish list items — from a universal basic income and a debt jubilee to punishing the fossil fuel industry that provides 80 percent of America’s energy.

https://nypost.com/2021/10/17/marxists-try-to-take-fed-reserve-as-biden-weighs-powell-reappointment/

Anonymous
Anonymous

The central bank ALREADY has “power beyond their wildest dreams to advance their destructive ideological agenda through economic policy that bypasses Congress.”

What’s their ideology? More wealth & power for the oligarchy.

President’s DO NOT choose the Fed Chair. The Fed Chair is chosen by THE FED, and the President (whether Biden, Trump, Obama, Bush ….) oversees the formality of “appointing” whoever is chosen.

They could put a “progressive” in there if they want. It means nothing. The goal of accruing more wealth and power to the already wealthy and powerful will not change.

Ken31
Ken31

Maybe it is only that they no longer feel they need to put a goyim front man up. Time to return the position to a Self-Chosenite.

TN Patriot
TN Patriot

Surely nobody expected these multi-millionaire bankers who control the money supply to lose their money in the market when they know they will be making it go down. Come on, Man…

Quiet Mike

American JustUs at it’s best.
“they don’t give a f–k about you, THEY DON’T GIVE A F–K ABOUT YOU, at all, at all, at
all”. Miss ya George.

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