MORE PANDEMIC SHADY TRADES AT THE FEDERAL RESERVE?

The Federal Reserve trading scandal may not have been tamped down with the resignations of two regional presidents.
Bloomberg reported on Friday that Fed Vice Chair Richard Clarida moved more than a million dollars between a bond and stock fund, immediately preceding a Fed announcement of possible pandemic policy action. 
The suggestion was that Clarida’s financial move may have been predicated on inside information about contemplated Fed actions.
Clarida’s transactions were detailed in his 2020 financial reports. Reporting requirements for such disclosures require reporting within certain dollar ranges, so Clarida wasn’t compelled to disclose exact amounts of his trades.
But the reports showed that he moved money out of a Pimco bond fund and bought the Pimco StocksPlus Fund and the iShares MSCI USA Min Vol Factor exchange-traded fund in comparable amounts, on 27 February, 2020. 
Federal Reserve Chairman Jerome Powell issued a statement the next day that coronavirus “poses evolving risks to economic activity” and added that the Fed was “closely monitoring developments and their implications for the economic outlook.”
The new questions about trading on insider information follow recent problems regarding two regional Fed presidents that decided to retire early, following similar issues.
The Trends Journal reported on that in “BANKSTER BANDITS GET RICHER PLAYING THE INSIDE TRACK” (14 Sep 2021) and “SCAMMING FEDERAL RESERVE PROMISES TO ‘DO BETTER’” (28 Sep 2021).