Washington, Aug 1, 2025 (AFP) - US Fed governor to resign early at critical time for central bank

NAMPA / AFP

2025-08-01

US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates. Kugler, who was nominated by former president Joe Biden in 2023, did not give a reason for stepping down from the Fed's board. Her term was due to end in January 2026, but her departure -- effective August 8 -- gives Trump the chance to ap......

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