Senate Grills Fed Over Insider Trading Investigation and Watchdog's Independence

Lawmakers accused the Federal Reserve of inaction in investigating possible insider trading among Fed officials in 2020. The Fed Inspector General's investigation into any potential legal violations from trades made by the heads of the Boston and Dallas Federal Reserve banks is ongoing. The Inspector General was grilled by lawmakers who accused the Fed of stonewalling Congress and the public on the underlying information about these trades. The Fed is banning its policymakers from buying individual stocks.