Jerome Powell

The Federal Reserve will ban policy makers and other senior officials from buying individual stocks and bonds and will also restrict active trading after an ethics scandal led to the departure of two regional presidents and undermined confidence in the central bank.

Inflation unexpectedly accelerated in August, as shortages of a wide range of consumer goods and services drove up prices.

Surging oil prices 'one of the biggest drivers'

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.

Fed's Powell signaled last month tapering could begin later this year.

These are the nearly 3,000 names as they appear inscribed in bronze on the Memorial. Every name can be located by the panel on which it is inscribed. A panel address is comprised of the letter N or S (N for north pool, S for south pool) followed by a number 1 through 76.

Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.

Fed Chairman Powell will testify on the economy Tuesday