Fed Official Violated Trading Rules
Update: 2025-11-15
Description
Former Federal Reserve Board member, Dr. Adriana Kugler, allegedly breached trading rules during a blackout period, according to a report by the US Office of Government Ethics. The report reveals stock purchases and trades made in 2024, which is prohibited before Federal Open Market Committee meetings. Dr. Kugler, who served under President Joe Biden, invested in companies like Apple, Caterpillar, and Palo Alto Networks. She claims her spouse made some trades without her knowledge. The Federal Reserve has yet to comment on the report, and Dr. Kuglers term ended in August 2023. This incident underscores the importance of ethical guidelines in government institutions.
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