Fed Governor's Stock Trades Under Scrutiny

Former Federal Reserve governor, Adriana Kugler, allegedly breached ethics rules with multiple stock trades, including Southwest Airlines, Apple, Caterpillar, and Fortinet. Some trades occurred during blackout periods, with the largest being an April Apple stock purchase worth $100,000 to $250,000. Kugler, who resigned in August, claimed her spouses trades were unknowing and unintentional rule violations. The Feds interest rate and bank regulation decisions can affect stock prices, leading to new conflict of interest rules in 2022. Kugler, the first Hispanic Fed governor, was appointed in 2023. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.