In this clip from Hedgeye’s 9th Semiannual Investing Summit, Danielle DiMartino Booth (Quill Intelligence CEO) discusses with Hedgeye CEO Keith McCullough about the perception of Fed Chairman Jerome Powell engaging in insider trading during his pandemic response.
“If anyone thinks that he did insider trading, those are the biggest morons on my Twitter feed. They say, ‘Powell was only in it for insider trading!’ Well according to the sales, he was down 31% so maybe he should avoid going into investing when he retires. Powell lost a ton of his own money. There was no insider trading when it came to Powell, but the perception is there.”
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