Fed’s Bostic discloses violations of trading rules before 2022 FOMC meeting

Federal Reserve Bank of Atlanta President Raphael Bostic disclosed Thursday he made multiple trades before a Fed meeting last year, despite being prohibited from doing so.

According to an annual financial disclosure released Thursday, a money manager for Bostic and his spouse made transactions involving 19 exchange-traded funds on May 2, 2022, ranging in amounts from $1,001 to $50,000. The trades occurred during a two-week blackout period before a Federal Open Market Committee meeting, when Fed officials are barred from making…