Economics
Fed’s Clarida Sold, Then Bought Stock Fund Before 2020 Central Bank Pledge
- Amended disclosure shows additional trades in February 2020
- Powell had signaled Fed was preparing steps as pandemic began
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Federal Reserve Vice Chair Richard Clarida sold at least $1 million of shares in a U.S. stock fund in February 2020 before buying a similar amount of the same fund a few days later on the eve of a major central bank announcement, according to an amended financial disclosure.