The FOMC policy sets stringent ethics rules to uphold public trust in the Fed’s impartiality and integrity. Key metrics and indicators in the enhanced policy include: 

Expanded Policy Coverage 

• The updated policy increases the number of Fed staffers subject to the tightest investment restrictions. Now all staff with access to confidential FOMC information face curbs. 

Tighter Trading Rules 

• New prohibitions bar all FOMC-aware staff from derivatives tied to Fed policy rates or placing bets on FOMC actions. 
• Staff may also be required to submit transaction records for verification. 
• The policy mandates 45 calendar days advance notice for securities trades by top officials, who must also receive pre-clearance. This prevents any perception trades are based on inside FOMC knowledge. 

Broad Investment Bans 

• Top Fed policymakers are still broadly prohibited from owning individual stocks, bonds, cryptocurrencies, commodities and more that could raise conflict concerns. 
• The metrics illustrate the stringent rules and transparency requirements the FOMC policy imposes on top Fed officials and staff involved in monetary policy decisions. 

Increased Oversight 

• The new compliance regime allows Fed ethics officials to direct staff to submit brokerage statements to corroborate their financial disclosures. This boosts accountability. 
• Reserve Bank presidents must file periodic transaction reports within 30 days of trades, which are fully disclosed publicly. 

By further restricting investments and increasing oversight, the FOMC aims to ensure its decisions are perceived as fully impartial and driven only by economic considerations. The enhanced policy strengthens ethical safeguards and transparency around Fed officials’ personal finances as the central bank makes difficult policy choices in a high-inflation environment. 

• 45 days – Advance notice required for securities trades by top Fed officials. 
• 7 days – Max length of trade date window for a planned securities transaction. 
• 6 months – Timeframe top officials must divest prohibited investments they acquire unintentionally. 
• 1 year – Minimum holding period for securities purchased by top Fed officials. 
• 10+ – Number of major investment categories prohibited for top Fed officials (e.g. individual stocks, bonds, derivatives, commodities, etc.). 
• 0 – Number of individual stock purchases allowed for top Fed officials.
• 100% – Percentage of periodic transaction reports filed by Reserve Bank presidents that must be publicly disclosed. 
• 30 days – Maximum time for Reserve Bank presidents to file periodic transaction reports after a trade. 
• $0 – Amount top Fed officials can invest in individual bonds, agency securities, cryptocurrencies, and other assets that could raise conflict concerns. 
• 2 – The number of required approvals (Fed ethics office and Reserve Bank) before a top official can execute a planned trade. 
• Continuous – Frequency of trading ban for top officials during financial market stress periods. 
• Ongoing – Frequency of ban for top officials on derivatives tied to Fed policy rates. 

It illustrates the stringent rules and transparency requirements the FOMC policy imposes on top Fed officials and staff involved in monetary policy decisions. By significantly restricting investments and increasing oversight, the policy aims to prevent any perceived conflicts of interest.