US EditionFederal Reserve Governor Kugler, part of the committee that sets interest rates, is resigning
UNITED STATES, AUG 1 – Kugler's resignation opens a Federal Reserve vacancy allowing President Trump to nominate a candidate amid debates over interest rate policies, officials said.
- On Friday, Federal Reserve Governor Adriana Kugler announced she is stepping down and will retire Aug. 8.
- On Wednesday, two of President Donald Trump's appointees, Christopher Waller and Michelle Bowman, dissented over rate decisions, amid criticism. Kugler did not specify her reasons for resigning.
- Earlier this week, Kugler did not participate in the Fed’s policy meeting, and her term was set to expire at the end of January 2026.
- Her resignation creates an important vacancy on the Board of Governors of the Federal Reserve and paves the way for President Donald Trump to nominate a successor.
- On Wednesday, Federal Reserve Governor Kugler announced her resignation, with no stated reason, creating an important vacancy amid rate debates influenced by Trump.
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