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Federal Reserve's Kugler to resign, giving Trump earlier-than-expected opening [View all]
Federal Reserve Governor Adriana Kugler announced Friday that she will step down from her position on the central bank’s board, effective Aug. 8, a move that hands President Donald Trump an opening on the central bank that he has lambasted relentlessly for months.
Kugler’s term was set to expire in January, and she did not specify why she was leaving early, but the Fed said in a press release that she would be returning to Georgetown University as a professor this fall. Kugler, a former World Bank official, was nominated to the board by President Joe Biden and confirmed by the Senate in 2023.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote in a resignation letter to Trump on Friday. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”
Kugler added that she was “proud to have tackled this role with integrity, a strong commitment to serving the public, and with a data-driven approach strongly based on my expertise in labor markets and inflation.”
Kugler’s term was set to expire in January, and she did not specify why she was leaving early, but the Fed said in a press release that she would be returning to Georgetown University as a professor this fall. Kugler, a former World Bank official, was nominated to the board by President Joe Biden and confirmed by the Senate in 2023.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote in a resignation letter to Trump on Friday. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”
Kugler added that she was “proud to have tackled this role with integrity, a strong commitment to serving the public, and with a data-driven approach strongly based on my expertise in labor markets and inflation.”
https://www.politico.com/news/2025/08/01/federal-reserves-kugler-to-resign-giving-trump-earlier-than-expected-opening-00489018
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