October 05, 2021
Powell, Vice Chairs, And Regional Bank Presidents' Trading Demands Congressional Oversight
“Drastic action is necessary, because the prevailing assumption that what is going on at the Fed is a string of harmless, sloppy errors strikes us as wildly unsupported by the facts.”
October 04, 2021
Powell Misled Reporters About His Finances While Admitting To Lax Ethics Practices
Powell neglected to mention that he’d personally purchased shares that year in several actively-managed municipal bond funds, as a Revolving Door Project review of the Fed Chair and Vice Chairs’ 2020 financial disclosure forms shows.
September 30, 2021
Powell And Vice Chairs Transacted Millions In 2020, While Brainard Made No Trades
The fact that the Fed’s current leadership team made or benefitted from multimillion dollar transactions contextualizes what we’ve seen at the Boston and Dallas regional banks: Chair Powell has facilitated a broad culture of lax ethical practices at the highest levels of the nation’s central bank.
September 23, 2021
The Other Ethics Issues At The Fed Regional Banks
Kaplan and Rosengren’s scandals aren’t the only ethics questions surrounding the Fed leadership’s conduct which merit greater scrutiny.
September 17, 2021
Powell's Carlyle Past Meets The Fed's Ethics Scandal Present
For those less familiar with the Carlyle Group, the private equity firm where Powell was a partner and senior lawyer from 1997 – 2005, here’s a quick overview of their history with capitalizing on political connections and the revolving door.
September 16, 2021
Fed's Powell Must Place Embattled Bank Presidents On Leave, Ethics Watchdogs Write In Letter
It really shouldn’t surprise anyone that a former Carlyle Group executive — a firm whose whole profit strategy is based on exploiting insider connections in the federal government — hasn’t prioritized ethics and oversight in running the nation’s largest stockpile of potentially market-moving information.
September 10, 2021
A Brief Taxonomy Of Bad Jerome Powell Arguments
Even when these pundits have the facts right, their actual argumentation is still pretty weak.
August 30, 2021
Coalition Calls On President Biden To Consider Four Key Principles In Fed Nominations
The organizations call for the next Chair, Vice Chair, and Vice Chair for Supervision to prioritize protecting against recessions, combating systemic racism, fighting climate change, and ensuring full employment.
August 19, 2021
Key Points On Jerome Powell's Union-Busting, Fossil Fuel-Investing Private Equity Record
The following points are taken from Revolving Door Project’s extensive research document on Jerome Powell’s private-sector record, which includes work at union-busting and fossil fuel-investing firms.
August 19, 2021
The Fed's Municipal Lending Failed Black Public-Sector Workers
Disproportionately Black cities were the ones most in need of a non-profit-seeking investment alternative during the COVID-19 crisis. The Fed’s program to fill that need failed to deliver.
August 09, 2021
Jerome Powell Spent Years At Union-Busting Private Equity Giant
During his time at the Carlyle Group, the firm repeatedly engaged in union-busting layoffs, climate-damaging fossil fuel investment projects, and more.
August 06, 2021
Revolving Door Project's Case Against Renominating Jerome Powell
For the sake of American workers, racial justice, financial security, and the climate, Federal Reserve Chairman Jerome Powell should not be renominated for a second term.
August 02, 2021
No, Biden Can't Just "Appoint a Strong Vice Chair of Supervision"
Many have argued that Biden should ignore Fed Chair Jerome Powell’s deregulatory record as he weighs Powell’s reappointment, because the President can achieve his financial regulatory goals by appointing a strong vice chair of supervision. This does not add up.
August 02, 2021
Matt Yglesias' Case Against Powell Critics Is Weak
The Biden administration’s favorite pundit deploys willful ignorance in order to chide the left.