Seemingly..

Former Federal Reserve Governor Adriana Kugler’s abrupt resignation from the board on Aug. 1 – and her unexplained absence at a key meeting two days earlier – left the financial community shocked and confused.

A CNBC review of Kugler’s personal financial disclosures and her Maryland state tax records revealed two seemingly incompatible descriptions of Kugler’s primary residence.

Kugler told CNBC Thursday that the apparent inconsistency in her real estate records was an error made by county tax officials.

Kugler’s government ethics financial disclosure forms for 2021, 2022 and 2023 list a mortgage on a “personal residence” valued in the range of $1 to $5 million.

But current state tax records for that property, which is in Bethesda, Md., contain a section that records whether or not a house is the owner’s “principal residence.”

During those same years, public records show that Kugler and her husband owned another Bethesda single family home, which then rented out and then sold in 2023 for $1.45 million.

These records have not been previously reported.

 Comment:

What else is happening there? Just a thought.