The Lacuna Project

lacuna (n.) a gap in a record where something should be

Independent research. Not affiliated with any government, agency, or company.

Person

Richard Clarida (former Vice Chair, Board of Governors of the Federal Reserve System)

Findings that rest on exhibits naming this entity

  • POL-8.14: The Fed's Office of Inspector General found that Chair Powell and Vice Chair Clarida did not violate the trading rules then in effect, that Dallas Fed President Kaplan violated no rule, and that Boston Fed President Rosengren did not report multiple 2020 trades on his disclosure form, and it found insufficient evidence for a law-enforcement referral in each case. On 4 September 2024 the OIG reported that Atlanta Fed President Bostic violated the FOMC blackout rule, the disclosure policies, the prohibited-holdings policy and the preclearance rule, and no insider-trading or federal conflict-of-interest law.

Exhibits naming this entity

  • Exhibit 804 18 January 2024 (closing memorandum issued 11 July 2022). Federal Reserve Board Office of Inspector General: Report of Investigation on the Closing of 22-0028-I Board Trading Activity (Powell, Clarida)