The Federal Reserve Board announced on Friday that Adriana D. Kugler will step down from her position as governor of the Federal Reserve Board, effective August 8, 2025. Dr. Kugler, who has served as a governor since September 13, 2023, submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall. The text of the letter from Governor Kugler is attached. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," said Governor Kugler. "I am especially honored to have served during a critical time in achieving our ... (full story)