Former Fed Governor Kugler's exit came amid forbidden trading activity

By Michael S. Derby NEW YORK (Reuters) -Former Federal Reserve Governor Adriana Kugler, who abruptly resigned this summer, had multiple financial transactions in violation of the central bank's ethics rules, government filings showed on Saturday, with the matter referred to the Fed’s in-house watchdog for investigation. Kugler in late July had sought a waiver to deal with investing rules transgressions by her spouse – including trades in individual stocks and other transactions around Fed policy meetings – and was denied, a Fed official said. She did not attend the July 30-31 interest-rate-setting Federal Open Market Committee meeting and announced her resignation the following day, August 1. Kugler, who had joined the Fed in 2023, first saw issues emerge last year when she reported purcha