In October last year, a number of Fed officials were caught in a "stock speculation storm". Boston Fed Chairman Rosengren and Dallas Fed Chairman Kaplan resigned after disclosing their individual stock trading.

Now another Fed official is caught in a "stock speculation storm".Richard Clarida, vice chairman of the Federal Reserve, was reportedly questioned over his personal stock trading and announced that he would leave office on January 14, ending his term two weeks early.

Not long ago, however, the media publicly questioned Clarida's stock trading in February 2020. Clarida sold his stock fund on February 24, 2020 and bought the same stock fund three days later on February 27, according to disclosure documents. Over the past three days, US stocks have plummeted on fears of COVID-19 's epidemic, with the Dow down 8 per cent.

On February 28, after Clarida bought shares again, Federal Reserve Chairman Powell issued a rare statement saying that if the COVID-19 epidemic affects the US economy, the Fed is ready to rescue the market.

Clarida previously disclosed only the transactions he bought on Feb. 27 and did not disclose the transactions he sold on the 24th.However, after the disclosure of the transaction on the 24th, a series of actions of Clarida aroused the suspicion of using inside information to sell high and buy low.

In fact, this is nothing new. According to unusual_whales, a third-party financial tool, more than 20 members of Congress did even better than the outperforming S & P 500 index in 2021.

According to OpenSecrets statistics, Pelosi and Senator McConnell, the leader of the Republican Party, have outperformed the top hedge fund managers in the United States, and even far exceeded famous investors such as Warren Buffett, Wall Street's "actuary king" David Shaw, and Jim Simons, the father of quantitative investment.

Pelosi himself does not invest in stocks, but her husband Paul Pelosi often trades a lot of stocks, which raises questions that some of his "precision operations" are based on inside information from his wife.

"unusual_whales" points outSome of Pelosi's husband's trading timing is quite interesting.For example, he will hurry to buy Tesla, Inc. and Walt Disney Company before the news to stimulate the economy, and NVIDIA Corp before the American semiconductor company announced financing; and in July last year, Netflix Inc announced to enter the game industry, stimulating the stock price to soar. Pelosi's husband laid an ambush as early as June.

In response to this phenomenon, Pelosi, known as the "queen of investment", had previously rejected a proposal to ban members of Congress and their spouses from holding and trading individual shares during their tenure. She said:

This is a free market. We are a free market economy. They should be able to participate.

Some media said that their investigation found that 49 members of Congress and 182 senior congressional staff violated the Stock Law to prevent insider trading.

Many market watchers questionHow many suspicious or worse transactions have not been disclosed? When will an independent investigation be conducted when the Fed can appoint and remove the inspector general on its own?