Atlanta Federal Reserve President Raphael Bostic violated the Federal Open Market Committee's trading blackout rules, the central bank's Office of Inspector General reported. Bostic's violations included executing 154 securities transactions during restricted periods and failing to accurately report these trades. Although there was no evidence that Bostic acted on confidential information or had conflicts of interest, his actions created an appearance of impropriety. The investigation, initiated by Fed Chair Jerome Powell, has led to calls for further scrutiny and potential disciplinary actions. This incident comes amidst broader ethical challenges faced by the Federal Reserve, with previous controversies involving other Fed officials. The findings underscore the importance of transparency and adherence to ethical standards within the central bank, especially during periods of economic uncertainty.