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Fed Vice Chair Baumann Attends Bank of America Private Dinner During Post-Meeting Blackout Period

GateNews
Forex
According to Jin10, Federal Reserve Vice Chair Baumann attended a private Bank of America dinner in New York on Wednesday evening (June 18) during the central bank's post-meeting blackout period. The dinner, restricted to invited clients, took place hours after the Fed released its latest policy decision. The blackout period, which extends through Thursday, prohibits Fed officials from publicly commenting on economic conditions or monetary policy during this window. While Fed rules do not explicitly ban closed-door meetings, officials are required to avoid sharing personal policy views with individuals who could benefit financially unless those views are already public. The central bank also restricts officials from giving any company a competitive advantage. It remains unclear whether Baumann's attendance violated these communication guidelines.
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