Former Federal Reserve Governor Adriana Kugler resigned in August after violating Fed ethics rules, documents released Saturday showed. She had sought a waiver to address her financial holdings before a July policy meeting, but Chair Jerome Powell denied the request. Kugler missed the meeting and resigned days later.
Her latest financial disclosures revealed previously undisclosed stock trades in 2024, some during the Fed’s blackout periods. These included shares in Materialise NV, Southwest Airlines, Cava Group, Apple, and Caterpillar. The Office of Government Ethics referred the matter to the Fed’s inspector general, and an investigation is ongoing.
Kugler’s resignation allowed...