Two Fed Presidents Resign After Embarrassing Trading Revelations


This episode is sponsored by NYDIG.

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Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Federal Reserve presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis. He also covers:

  • A new WSJ investigation that found 131 federal judges had broken the law by not recusing themselves from cases where they had a financial interest
  • The latest macro issues around Evergrande, inflation and more
  • More crypto companies leaving China for good

See also: CFTC’s Berkovitz to Become Top Lawyer at SEC

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Cooper Neill/Bloomberg/Getty Images, modified by CoinDesk.