Federal 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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Federal Reserve gov’s exit could accelerate Trump’s selection of next chair
President Donald Trump suddenly has a chance to fill an opening at the Federal Reserve earlier than expected, after Fed Governor Adriana Kugler announced her resignation Friday. It may also force him to pick the next Fed chair months sooner than he’d anticipated. “The ball is now in Trump’s court,” said Derek Tang, an economist at LH Meyer/Monetary Policy Analytics, Inc. “Trump is the one who’s been putting pressure on the Fed to do this and tha…
·Boston, United States
Read Full ArticleIn the US Federal Reserve Fed, a colonel appointed by then President Biden withdraws prematurely.
·Germany
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Total News Sources214
Leaning Left30Leaning Right45Center49Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 24%
C 40%
R 36%
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