Fed Governor's Stock Trades Under Scrutiny
Update: 2025-11-16
Description
Former Federal Reserve governor, Adriana Kugler, faces scrutiny over stock trades made during her tenure. Ethics officials declined to certify her report, referring it to the central banks inspector general for review. The trades, including Apple, Cava Group, Southwest Airlines, and Caterpillar, were restricted under Feds ethics policies. Kugler claimed the trades were made by her husband without her knowledge, but the matter was referred to the Inspector General in January 2025 due to additional compliance concerns. She had discussed a waiver from trading restrictions with Fed Chair Jerome Powell before resigning in August 2025. The investigation will provide more clarity on the matter.
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