Late last Friday President of the Federal Reserve Bank of Atlanta, Raphael Bostic revealed that he failed to disclose a number of trades in his personal accounts before, during and after the Fed launched Operation Buy Everything March 23rd, 2020.
Some "financial advisor" is about as specific as some "outside manager". If the Fed governor does not disclose the identity of this alleged "outside" manager, it seems to me his statement about taking "very seriously" his "responsibility to be transparent" is a joke.
If he can’t keep track of his own finances, I’m not sure he’s the right person to be making financial decisions on our country’s finances
"Bostic’s excuse for these trades is that they were done by an outside manager, and he (Bostic) had no discretion."
Who's the "outside" manager?
Some financial advisor I imagine
Some "financial advisor" is about as specific as some "outside manager". If the Fed governor does not disclose the identity of this alleged "outside" manager, it seems to me his statement about taking "very seriously" his "responsibility to be transparent" is a joke.
Agreed. We don't even know if the dates he puts in the disclosure have been reconcilled to trade confirms or account statements.