JUST IN: 🇺🇸 Federal Reserve Governor Adriana Kugler has officially resigned from the Fed Board.
The unexpected move comes amid growing scrutiny around interest rate policy, inflation guidance, and political pressure as the U.S. heads into a heated election cycle.
Kugler was known for her balanced stance on labor markets and economic inclusion — and her departure leaves a notable gap on the board during a critical policy window.
Why this matters:
The Fed is walking a tightrope between inflation control and recession risks
Markets are sensitive to any change in Fed leadership or internal dynamics
Upcoming rate decisions could now carry even more weight, with shifting votes and new nominations likely in play
Expect increased volatility across equities, bonds — and yes, crypto too — as markets reprice risk in real time.
One resignation can change the tone.