**[Former Federal Reserve Governor Kugler Faced Ethics Investigation Before Resignation]** BlockBeats News, November 15: According to a Federal Reserve official, former Federal Reserve Governor Kugler abruptly resigned after Federal Reserve Chair Powell refused to approve her exemption for handling financial assets that violated the Fed's ethical guidelines. The official stated that Kugler was under investigation by the Fed's internal oversight body for recent financial disclosure issues prior to her resignation in August. Documents released on Saturday revealed that officials from the Fed's Office of Ethics refused to approve Kugler's latest financial disclosure materials and referred the matter to the Fed's Office of Inspector General. These disclosure materials, published on the U.S. Office of Government Ethics website, indicate that the details of her financial activities allegedly violated the Fed's internal ethical standards. Kugler announced on August 1 that she would resign effective August 8, without specifying the reasons. (Jin10)