Fed Official Who Warned on Real Estate Was Active REIT Trader By Bloomberg – Investing.com

Fed Official Who Warned on Real Estate Was Active REIT Trader By Bloomberg – Investing.com

(Bloomberg) -- One of the Federal Reserve’s largest internal critics of the risks in U.S. real estate was an active investor in the sector last year, financial disclosures show.

Boston Fed President Eric Rosengren listed stakes in four separate real estate investment trusts and disclosed multiple purchases and sales in those and other securities, the documents show.

Boston Fed spokeswoman Lucy Warsh confirmed that Rosengren’s trades were not conducted via a blind trust but “his investment decisions are consistent with the system’s strong ethics rules and  time frames.”