Fed’s Watchdog Clears Ex-Officials Kaplan, Rosengren in Probe of 2020 Trades https://www.bloomberg.com/news/articles/2024-01-22/fed-s-watchdog-clears-kap... The Federal Reserve’s internal watchdog cleared two former policymakers of legal wrongdoing in a years-long probe into their trading activity in 2020, when the central bank deployed a variety of large-scale operations to stabilize markets at the onset of the pandemic.