Former Federal Reserve Board member speculates in stocks before interest rate meeting.

Former Federal Reserve Governor Quarles suddenly resigned in August of this year, without providing any explanation. A recent report revealed that Quarles reported multiple stock trades in her annual financial disclosure form, all of which violated the Federal Reserve's regulations. These trades involved stocks of companies like Apple, Southwest Airlines, and Caterpillar, with two of them taking place just days before interest rate meetings. It is worth noting that this disclosure is Quarles' second violation after self-disclosing four unauthorized trades a year ago. At that time, she attributed the violations to "accidents," claiming that the trades were conducted by her husband without her knowledge. According to the Federal Reserve's regulations, senior officials or their spouses are not allowed to trade individual stocks, and there is a "quiet period" of 10 days before interest rate meetings, during which any securities trading is prohibited.