Robert Walker Discusses Scrutiny of Fed Chairwoman Meetings

Robert L. Walker, of counsel in Wiley Rein’s Election Law & Government Ethics Practice, was quoted in an article published May 5 in The Wall Street Journal about Federal Reserve Chairwoman Janet Yellen and the scrutiny she faces for her contact with Medley Global Advisors.

According to the article, Mrs. Yellen met with representatives of the financial consultancy in 2011 and 2012. Mr. Walker told The Wall Street Journal that the meetings could be perceived to provide a “prestige advantage,” which runs contrary to a Fed policy adopted in June 2011.

“If we are talking about a one-on-one situation it would be fair to ask doesn’t this convey a kind of prestige advantage to the Medley participant,” Mr. Walker said. “Now is it a per se violation? That’s going to have to do with what the facts were.”

To read the entire article, click here.