Independent review launched into trading activity by senior Fed officials - reports

Fed will ‘take appropriate actions’ based on findings

A US government watchdog, which has independent oversight of the Federal Reserve, has launched a review into whether trades undertaken by some central bank officials last year complied with ethics rules, according to reports.

The FT reported that, in a statement, the Fed said: "As part of our comprehensive review, we began discussions last week with the Office of Inspector General for the Federal Reserve Board (OIG) to initiate...