Ethics Policies & Financial Disclosures

The Federal Reserve is committed to upholding the highest ethical principles to strengthen public confidence in the impartiality of its decision making processes. Employees of the Federal Reserve Board and Federal Reserve Banks are required to comply with a variety of ethics requirements to guard against actual and perceived conflicts of interest.

Policymakers and senior staff whose work involves monetary policy hold some of the most sensitive positions in the Federal Reserve System and must be the most vigilant about potential conflicts and impartiality concerns. The Federal Open Market Committee in February 2022 unanimously adopted comprehensive new rules for the investment and trading activity of these individuals and their immediate family members. As part of these rules, financial disclosures filed by Reserve Bank presidents are to be promptly posted on the website of the relevant Reserve Bank.