Reuters exclusively reports Fed bank chiefs, in letter to Senator Warren, pledge to comply with ethics review

Reuters exclusively reported that the U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process. Warren’s letter followed a furor over the trading activities of senior Fed officials who made controversial investments last year as the central bank undertook a rescue of the economy.