BREAKING:
Sudden Resignation from the Fed: Kugler's Departure Allows Trump to Appoint His Own Candidate to the Board and Form a Majority in Favor of Rate Cuts
Federal Reserve Governor Adriana Kugler has announced her resignation, leaving a key vacancy on the committee that sets interest rates. Her departure comes at a time when Donald Trump is pushing for a looser monetary policy.
Kugler, who was appointed by President Biden in 2023, was not scheduled to leave her post until January 2026. Her resignation gives Trump an opportunity to appoint a new member to the seven-person Board of Governors, which plays a critical role in the Fed's decisions on interest rates.
Trump has been a vocal critic of the Fed's current policy, particularly of Chairman Jerome Powell, and has repeatedly called for lower interest rates.
