US EditionFormer Fed Gov. Kugler violated trading rules while at the central bank, ethics report found
Kugler’s spouse made stock trades during Fed blackout periods, leading to ethics violations and her resignation after Chair Powell denied a waiver request, the Office of Government Ethics reported.
- Adriana Kugler resigned from the Federal Reserve after Jerome Powell denied her request for a waiver regarding her financial holdings that violated ethics rules, according to a Fed official.
- Kugler faced an investigation by the Fed's internal watchdog concerning her financial disclosures before her resignation in August.
- Kugler acknowledged that her spouse's purchases of Apple Inc. and Cava Group Inc. shares violated investment rules, stating, 'my spouse made the purchases without my knowledge.'
- Kugler's resignation allowed President Donald Trump to appoint Stephen Miran to the Fed's board amidst his pressure for lower interest rates.
65 Articles
65 Articles
Former Fed Governor Adriana Kugler’s exit came during forbidden trading activity: filings
Former Federal Reserve Governor Adriana Kugler, who abruptly resigned this summer, had multiple financial transactions in violation of the central bank's ethics rules, government filings showed on Saturday.
Ex-Fed Governor Kugler quit after more trading violations
Former Federal Reserve Governor Adriana Kugler abruptly resigned after Chair Jerome Powell refused to grant her a waiver to address financial holdings that ran afoul of the central bank’s ethics rules, according to a Fed official. Kugler also faced a probe by the Fed’s internal watchdog related to her recent financial disclosures before stepping down in August, according to a document released Saturday. Fed ethics officials declined to certify K…
Miami, Nov. 15 (EFE).- Adriana Kugler, the first Hispanic governor of the U.S. Federal Reserve (Fed) and who resigned in August, allegedly violated the agency's rules for selling shares and financial transactions, according to a report from the Office of Government Ethics. Kugler, who arrived at the post in 2023 nominated by then President Joe Biden (2021-2025), or her husband bought and sold shares of companies such as Apple, Southwest Airlines…
Associated Press News
Former Fed governor's stock trades violated the central bank's ethics rules
A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank’s ethics rules.
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