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former federal reserve examiner pleads guilty to insider trading
Robert Thompson, a former senior supervisor at the Federal Reserve Bank of Richmond, pleaded guilty to insider trading using confidential information from banks he regulated. He admitted to making illegal trades and lying to the Federal Reserve about owning shares in publicly traded financial institutions. Sentencing is set for March 19.
fed president highlights strong economy and flexible monetary policy options
Federal Reserve Bank of Richmond President Thomas Barkin stated that the economy is currently strong, allowing the central bank to lower borrowing costs. He highlighted a selective consumer base and an improved workforce as key factors, asserting that the Fed is well-positioned to adapt to future economic changes, with interest rates still above historic lows.
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