Fed Officials Under Fire for 2020 Securities Trading Will Resign

Robert S. Kaplan will exit his role as head of the Federal Reserve Bank of Dallas next month. Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is also retiring earlier than planned.

Jerome Powell says the Fed is reviewing its trading rules.

The Federal Reserve is embroiled in an unusual drama: Some officials traded stocks and other financial products last year, prompting calls for an investigation.

Fed Unity Cracks as Inflation Rises and Officials Debate Future

Federal Reserve officials are debating what to do as price risks loom, even as its leaders and the White House say today’s surge will most likely cool.