Former Fed governor Adriana Kugler accused of improper trading around FOMC meetings

The trouble around Adriana began when a new ethics report dropped on Saturday from the U.S. Office of Government Ethics, showing that she broke the Fed’s ban on trading individual stocks and making financial moves close to rate‑setting meetings. Three months ago, Adriana had walked away from the Federal Reserve Board without saying a single thing about why she was leaving. She joined the Fed in September 2023 after being appointed by then‑President Joe Biden, and her exit set off speculation until the new disclosures spelled out the violations that pushed her out. Tracking the trades and handling the fallout According to Fed officials who spoke with CNBC, the turning point came when Adriana asked Chair Jerome Powell for a waiver after her disclosure form showed she held assets she was not allowed to own. Powell denied that request. The same officials said concerns about trades linked to her or...

https://www.cryptopolitan.com/fed-adriana-kugler-for-improper-trades/