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flag Former Fed Governor Michelle Kugler resigned in Oct. 2024 amid ethics probe into her outside income and investments.

flag Former Federal Reserve Governor Michelle Kugler resigned in October 2024 amid an ethics investigation into her financial disclosures and outside income. flag The probe, conducted by the Fed’s Office of Inspector General, focused on potential conflicts of interest related to her consulting work and investments. flag Kugler stepped down before the investigation concluded, and the Fed has not released specific findings. flag Her resignation marked the first such departure from the Fed’s board in over a decade.

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