Former Fed Governor Adriana Kugler’s exit came during forbidden trading activity: filings

Mădălin Mihai

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, with the matter referred to the Fed’s in-house watchdog for investigation. Kugler in late July had sought a waiver to deal with investing rules transgressions by her spouse — including trades in individual stocks and other transactions around Fed policy meetings — and was denied, a Fed