Fed’s Musalem Reports Multiple Real Estate Transactions
(Bloomberg) – A new financial explanation set for the heads of the Federal Reserve Bank was released on Friday.
The documents show that the couple sold seven properties in Rockville, Maryland between April and November 2024 and bought nine housing real estates in Baltimore between June and November.
One of the sold properties was between 250,000 to 500,000 dollars and the others were worth $ 500,000 to 1 million dollars. Four of the purchased properties were valued up to $ 50,000 and three of them were between 100,000 and 250,000 dollars. One was between 50,000 and 100,000 dollars and the other was between 1 million and 5 million dollars.
Comment on the transactions requested Louis Fed spokesman, “President Musalem’s wife runs real estate companies and regularly conducts real estate transactions,” he said.
Sözcü, as well as listed in the statement that Musalem is a common owner, he added.
None of the transactions violate the rules that regulate the personal investment activities of the FED policy makers. They were rules in 2021 after reporting more than one authorized controversial transactions. The changes have restricted active trade, increased the purchasing of individual securities between policy makers and senior personnel. The guidelines also state that the authorities should avoid acting on information from the inside.
Rules do not prohibit direct investments in real estates, one of the most interest rates in the US economy.
The transactions reported by Musalem joined the Central Bank of the same Moon and started five months before the FED began to alleviate politics. Authorities, the criterion federal fund ratio last year from September to December reduced one percent.
The financial transactions of the FED officials received a renewed investigation during the pandemic after the US Central Bank has taken extreme steps to support the financial markets and the economy.
Real Estate is a sector that is sensitive to the interest rate that may be affected by the Fed’s policy decisions. Former Boston FED President Eric Rosengren, in 2020, real estate investment securities made more than one sales and purchases after explaining criticism. Rosengren resigned in 2021 with referring to health problems.
Kansas City Fed President Jeff Schmid also said on Friday that he sold a housing investment in Burleson, Texas, between $ 250,000 and $ 500,000 in November.
Schmid spokesman, “Federal Reserve Bank for the presidents of all financial holding and explanation requirements fully complies to the requirements,” he said.
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