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Kugler to step down from Fed board on Aug. 8, allowing Trump to fill her seat early
Federal Reserve governor Adriana Kugler said Friday she will resign from the central bank's Board of Governors effective Aug. 8, meaning President Trump could have a replacement in her seat earlier than expected. The term of Kugler, who was appointed by President Biden, was due to expire on Jan. 31. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote in an Aug. 1 resignation letter to President Trump posted by the Fed, which did not offer a stated reason for her early departure. “I am especially honored to have served during a critical time in ... (full story)
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Aug 1, 2025 5:33pm
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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. ...
President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed chair has been subjected to vicious verbal attacks by the ...
TRUMP SAYS HE’S HAPPY HE HAS AN OPEN SPOT ON THE FED BOARD TRUMP ON FED'S KUGLER: UNDERSTAND SHE DISAGREED WITH POWELL
