Former Federal Reserve governor Adriana Kugler’s 2024 financial disclosures revealed stock trades violating ethics rules, including during blackout periods when interest rates were set. Companies involved include Southwest Airlines and Apple. Fed officials are prohibited from individual stock investments and must disclose trades in advance.

Kugler stepped down in August amid scrutiny. Financial transactions during Fed blackout periods were disclosed, including stock sales and purchases. Her spouse conducted some trades unknowingly. In 2022, the Fed implemented new rules to prevent conflicts of interest after questionable trades by top officials.

Kugler, appointed by President Biden in 2023, was the first Hispanic Fed governor. She returned to teaching at Georgetown University after resigning. Stephen Miran was confirmed to fill Kugler’s vacant seat on the Fed’s board. Raphael Bostic also acknowledged previous violations of ethics rules and revised financial statements.

Read more at Yahoo Finance: Former Fed governor’s stock trades violated the central bank’s ethics rules