For months the left of the Democratic Party has been trying to torpedo the renewal of the mandate of the head of the Federal Reserve.
She takes advantage of the fact that Joe Biden is slow to confirm Jerome, aka Jay Powell as chairman of the board of governors of the central bank, to tackle an embarrassing controversy that comes at the worst time for the Fed.
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The Fed fears a cyberattack more than a financial crisis
Jay Powell sold, on October 1, 2020, between $ 1 million and $ 5 million in shares held through an index fund (which tracks the performance of a given index), says
The American Prospect
, a magazine that ranks claims "
progressive
".
That day, we had just discovered that President Donald Trump was hospitalized urgently for having contracted the Covid.
Wall Street plunged as the pandemic was still raging and doubt hung over the adoption of a massive new stimulus package by Congress.
The American Prospect is
based on documents released several months ago by the Fed.
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