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No excuse for ex-Fed governor’s rules violations, say experts

Kugler found to have made stock trades during FOMC blackout period

Adriana Kugler
Adriana Kugler

Experts who spoke to Central Banking have lambasted former US Federal Reserve governor Adriana Kugler’s violation of the central bank’s ethics rules.

A report from the US Government Office of Ethics concluded that Kugler last year violated rules prohibiting stock trading during the blackout period before rate decisions while she was a member of the Federal Open Market Committee (FOMC).

Fed officials are banned from trading individual stocks. They are also prohibited from making trades during the

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