Federal Reserve Board of Governors member Adriana Kugler has resigned from her position. This decision comes amid a sensitive period for the central bank’s leadership, which is currently being pressured by US President Donald Trump to implement a heavy interest rate cut.

Kugler Steps Away While Fed-Trump Standstill Remains

On August 1, the Federal Reserve announced that Adriana D. Kugler is resigning from her position as a governor, effective August 8, 2025. The American economist and former US executive at the World Bank was nominated to the Fed Board by former US President Joe Biden in May 2023 and sworn in on September 13, 2023.

In the resignation letter submitted to Trump, Kugler expresses sincere gratitude while citing no reason for her recent decision.

She said:

It has been

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