A list of puns related to "Policymaker"
https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html
Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a ban on officials owning individual stocks and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds. Fed officials can no longer have holdings in shares of particular companies, nor can they invest in individual bonds, hold agency securities or derivative contracts. The new rules replace existing regulations that, while somewhat restrictive, still allowed members to buy and sell stocks. βThese tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve,β Fed Chair Jerome Powell said in a statement. Under the new rules, the officials will have to provide 45 daysβ notice in advance of buying or selling any securities that are still allowed. They also will be required to hold the securities for at least a year, and cannot buy or sell funds during βheightened financial market stress,β a news release announcing the moves said.
The rules come on the heels of disclosures that multiple Fed officials had been buying and selling stocks at a time when the central bankβs policies were designed to improve market functioning, particularly during the Covid crisis. Regional presidents Robert Kaplan of Dallas and Eric Rosengren of Boston both resigned shortly after disclosures that they had engaged in trading of individual securities last year. In Kaplanβs case, the moves occurred in large-dollar allotments. Vice Chairman Richard Clarida also had been featured in the reports. Powell also sold securities last year, though they were exchange-traded funds that tracked market indexes.
https://www.sciencedaily.com/releases/2021/10/211014111217.htm
Seems ok, but some cases are weirdly rated such as poultry or beef. Could be a great tool to increase the price/tax on unhealthy foods.
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