Adriana Kugler testifies during a Senate Banking Committee hearing on her nomination to the Federal Reserve Board of Governors on June 21, 2023, at the Capitol in Washington, United States.
Jonathan Ernst | Reuters
Former Federal Reserve Governor Adriana Kugler violated the central bank’s rules on stock trading, according to a report released Saturday by the U.S. Office of Government Ethics.
The report was released three months after Mr. Kugler abruptly and inexplicably resigned from the Fed’s board of directors.
A financial disclosure report filed by Mr. Coogler on September 11th details the securities transactions and says that Ethics Office officials refused to certify the report on October 10th.
A memo from ethics officials about the disclosure states that “issues related to this disclosure were referred by the bureau to the Federal Reserve Board’s independent Office of Inspector General earlier this year.”
The Inspector General is the internal ethics oversight body for federal departments and agencies.
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