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Federal Reserve Governor Adriana Kugler, part of those that sets interest rate, resigns, giving Trump opportunity to fill her role early
- Federal Reserve Governor Adriana Kugler whose term was set to expire at the end of January 2026, submitted her resignation as fed governor without stating any reason, giving President Trump an opportunity to nominate her successor early.
- Kugler was absent during Wednesday’s fed voting but was considered hawkish, expressing support for holding rates until the impact of the tariffs become clear.
- Treasury Secretary Scott Bessent had indicated that the administration might appoint someone to fill her position and then later elevate that person to the fed chair.
- In other news, Trump fired head of Bureau of Labor and Statistics, saying she manipulated jobs data before the elections.