US EditionFed Governor’s Exit Could Accelerate Trump’s Selection of Next Chair to Succeed Powell
DISTRICT OF COLUMBIA, UNITED STATES, AUG 3 – Kugler's early departure lets Trump nominate a new Federal Reserve governor amid disputes over interest rate policy, with two Trump appointees recently dissenting on rate decisions.
- On Friday, Federal Reserve Governor Adriana Kugler announced her resignation, creating a vacancy on the seven-member Board of Governors, allowing President Donald Trump to nominate her replacement.
- Amid increasing strain, Trump and Powell have clashed as Powell resisted lowering rates, citing a data-dependent approach.
- The policy decision passed by a 9–2 vote, with two Fed governors dissenting for the first time in over three decades.
- The resignation allows President Donald Trump a critical opportunity to reshape the central bank and soon install a new voice amid divided policymakers.
- Next up, Trump will quickly name a candidate to fill Kugler's vacancy, who must be confirmed by the Senate and could become Fed chair.
12 Articles
12 Articles
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