Fed Governor Kugler is resigning

Federal Reserve Governor Adriana Kugler announced her resignation, creating a vacancy as President Trump pushes for lower interest rates. Kugler, a Biden appointee, will return to Georgetown University this fall and gave no specific reason for stepping down. Her departure gives Trump a chance to nominate a Fed governor aligned with his pro‑rate‑cut stance. Kugler’s term was set to run through January 2026, and she had generally supported holding rates steady. Trump suggested that she resigned over disagreements with Fed Chair Jerome Powell, CNBC has reported. Her exit also raises speculation about a potential Trump pick to replace Powell when his term ends in May.