Atlanta Fed Chief Admits Trades Broke Ethics Rules

Atlanta’s Federal Reserve president, Raphael Bostic, said Friday that many of his financial trades and investments in the past five years inadvertently violated the central bank’s ethics rules, and he has revised all his financial disclosures since becoming president in 2017.
Mr. Bostic said the trades were made by several investment managers and he was unaware of the transactions. He said he has since changed his investment approach to remain within the rules.