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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With the recent interest rate decision, the central bank suddenly disagreed – and now a board position is also released. The US President has a chance to finally get rid of the Fed boss.
The Federal Reserve Board (FRB) announced on the 1st that Governor Kugler will retire on the 8th. He will leave the Fed with the remainder of his term remaining until January 2026. President Trump is expected to nominate a successor who is in line with his wishes and supports interest rate cuts.
With the resignation of a board member, Trump has the opportunity to put pressure on Central Bank Chairman Jerome Powell.
Trump Has an Unexpected Fed Governor Slot to Fill
Federal Reserve governor Adriana Kugler announced that she will step down next Friday, opening up a spot on the central bank's powerful seven-member board that President Trump will be able to fill. Kugler, who did not participate in the Fed's policy meeting earlier this week, would have completed her term...
Trump demands Powell resign as Fed Governor Adriana Kugler steps down: '…was doing the wrong thing…’
Following Fed Governor Adriana Kugler's resignation, Trump urged Jerome Powell to resign as well. Kugler’s departure allows Trump to potentially nominate a new Fed member who shares his views on monetary policy, increasing pressure for rate cuts.
US Fed governor quits early amid Trump pressure to slash rates
WASHINGTON: US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates. © New Straits Times Press (M) Bhd
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