Powell's Stock Trades Leaked, Show Multi-Million Sale As Market Tanked *****tVubrFLxRw
— zerohedge (@zerohedge) October 18, 2021
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.
If the Fed wants to get rid of all the hawks, they just need to leak Esther George's etrade blotter
— zerohedge (@zerohedge) September 28, 2021
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.
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https://www.zerohedge.com/markets/powells-stock-trades-leaked-show-multi-million-sale-market-tanked
