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Axios
Axios

Key Fed official was under investigation over stock trades

US Federal Reserve Adriana Kugler Donald Trump Jerome Powell Stephen Miran Ethics

Former Federal Reserve governor Adriana Kugler was referred for investigation earlier this year for allegedly breaking the central bank's stock trading rules, per new financial disclosures released on Saturday.

Why it matters: The documents provide a backdrop for Kugler's surprise resignation in August, which opened up a vacancy for President Trump to further leave his mark on the Fed.

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