"A Fed official told Reuters that before resigning, Kugler asked Fed Chair Jerome Powell for a waiver to fix the disclosure issues and address investing rule violations tied to her spouse's trades including individual stock transactions and trades made around Fed policy meetings. The request was reportedly denied. As a result, Kugler missed a July 2025 Federal Open Market Committee (FOMC) meeting for personal reasons and, shortly after, resigned on Aug. 1."
"The new filings list includes several additional 2024 trades, including stock purchases and sales within weeks of each other, along with two that occurred just days before FOMC meetings. They include multiple trades in Cava Group stock from March to May; a purchase and sale of Southwest Airlines shares ahead of the Fed's April 30May 1 meeting; an April purchase of Apple stock worth $100,000 to $250,000; and an October sale of Caterpillar stock valued at $50,00 to $100,000."
Kugler requested a waiver from Fed Chair Jerome Powell to remedy disclosure issues and address investing rule violations tied to her spouse's stock trades; the waiver was denied. Kugler missed a July 2025 FOMC meeting for personal reasons and resigned on Aug. 1, 2025, before her term would end on Jan. 31, 2026. President Trump nominated Stephen Miran to serve the remainder of the term. Nov. 15 filings came a year after Kugler reported four trades that violated the Fed's stricter personal-trading rules, which bar trades during blackout periods and require one-year holdings. Kugler affirmed certain trades were made by her spouse, Ignacio Donoso, without her knowledge. New filings list additional 2024 trades including Cava, Southwest, Apple, and Caterpillar transactions. Neither Kugler nor the Federal Reserve immediately responded to requests for comment.
Read at www.housingwire.com
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