Fed’s Rosengren to Retire Earlier Than Planned on Sept. 30

Rosengrant is resigning from the Fed due to health issues, specifically a longstanding kidney problem exacerbated by COVID-19. However, his resignation coincides with a controversy over asset trading during the financial crisis, raising questions about the true reasons behind his departure. An internal investigation is underway to determine if any ethical violations occurred. The governance structure of the Fed and its ability to influence bank presidents is also discussed.

What internal issue is mentioned regarding trading assets during the financial crisis?

What role do ethics officers play in the context of the resignations discussed?