Hey, now this is interesting. Don’t expect much to come of it though. This stuff always seems to fade away with the Fed. Remember the email which went out to a bunch of the big banks containing Fed minutes information before the Fed minutes were officially released? As far as we know nothing was done about that. Why should we expect anything different this time?
(From The Economic Policy Journal)
The firm at the center of the probe, Medley Global Advisors put out a report, in advance of a Federal Reserve statement, with such specifics that were included in the statement that a reeks of a tip off from inside the Fed.
Here’e where things get interesting. Yellen has admitted that she met with Medley some time before the leak.