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Former Fed Governor Resigns Amid Trading Ethics Scandal

11/17/2025

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Summary

Story summary

Adriana Kugler, a former Federal Reserve Board Governor, resigned after the U.S. Office of Government Ethics found prohibited trading near rate meetings.
The resignation followed Chair Jerome Powell denying a waiver request related to her holdings.
Concerns about her trading date back to September 2024, when she began working with ethics officials.
A September 2025 financial disclosure filing was not certified due to ongoing investigations.

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Story summary

Adriana Kugler, a former Federal Reserve Board Governor, resigned after the U.S. Office of Government Ethics found prohibited trading near rate meetings.
The resignation followed Chair Jerome Powell denying a waiver request related to her holdings.
Concerns about her trading date back to September 2024, when she began working with ethics officials.
A September 2025 financial disclosure filing was not certified due to ongoing investigations.