As the Market Tanked, Fed Chair, J. Powell, Made a Multi-Million Dollar Sale

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The Federal Reserve chairman, Jerome Powell, sold millions of dollars in stock funds as the market tumbled in October of 2020.

Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020.

A series of Sales anywhere between $15K and $250K on Dec 18, jus 2 days after the Fed’s Dec 16 FOMC meeting, in funds such as the MSCI EAFE ETF (EFA) and RUT Russell 2000 ETF (RUT).

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Lucas Collins

Lucas Collins

Lucas Collins is a writer for NRN. He strives to write timely, thought-provoking articles and looks forward to your thoughts and comments.

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