Federal Reserve Governor Kugler, part of the committee that sets interest rates, is resigning

[BumRushDaShow]

Source: CNBC

Published Fri, Aug 1 2025 3:30 PM EDT Updated 4 Min Ago


Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates. In a letter addressed to Trump, Kugler, 55, did not state a reason for her decision to leave, only noting that she will be returning to Georgetown University as a professor in the fall.

“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote. “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’s term was set to expire at the end of January 2026. A Biden nominee, she joined the Board of Governors in September 2023, filling the unexpired term of Lael Brainard, who left to serve as an Biden economic advisor. As a governor, Kugler was a permanent voter on the rate-setting Federal Open Market Committee.

Her resignation now paves the way for Trump to put his own nominee in for the board. Two of his prior appointments, Christopher Waller and Michelle Bowman, voted against the decision at Wednesday’s meeting to hold the Fed’s key rate steady, instead indicating they wanted to lower.

Read more: https://www.cnbc.com/2025/08/01/federal-reserve-governor-kugler-part-of-the-committee-that-sets-interest-rates-is-resigning.html

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Article updated.

Original article -

Published Fri, Aug 1 2025 3:30 PM EDT


Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates.

In a letter addressed to Trump, Kugler did not state a reason for her decision to leave, only noting that she will be returning to Georgetown University as a professor in the fall.

“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote. “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’s term was set to expire at the end of January 2026.

[no_hypocrisy]

1. Reminiscent of Anthony Kennedy stepping down from SCOTUS.

Timing is suspicious.

Trump calls on the Federal Reserve board to take full control of the central bank from Powell and help his large ass out
https://www.democraticunderground.com/100220529368

[Marie Marie]

6. My thoughts exactly. Wonder how large a "resignation check" she received?

He always finds a way.

[kysrsoze]

2. Great... runaway inflation, here we come. 😑

[JustABozoOnThisBus]

17. Or, like in the 1970's, Stagflation.

high inflation with a stagnant economy. His high tariffs can do that.

[underpants]

3. He tried Stephen Moore 🙄 in the first term. Nutlick? Navarro?

Ron Vara?

[Marie Marie]

4. I'm thinking Peter Doocey. Loyal, stupid and works for Fox.

Check, check and check!

[BumRushDaShow]

7. Gotta be a teevee host - maybe Maria Bartiromo

(I remember when she had a business show on CNBC for years before she moved to Faux).

[Mike 03]

9. Oh god, that's a fantastically terrible idea, but it could happen.

So could Peter Navarro, the name I was thinking of.

[BumRushDaShow]

11. Navarro is "tariff man"

He LOVES him some taxes (tariffs) on the American public!!!!

He ain't giving that up!

[Vinca]

5. Probably another person getting death threats from the cult.

[Mike 03]

8. Both possibilities are terrible, but I would honestly rather this be the reason than

that she was "incentivized" to resign by someone high up in the administration. The Federal Reserve Board of Governors has a pretty good record of attracting principled people, so I'm going to assume the best--which isn't good either. It would be terrible if we lose our best people because of threats.

[PSPS]

10. His two prior committee appointees already carry his water

For the first time in decades, the last interest-rate meeting had two dissenters, both trumpers, vote to lower rates in what is usually a unanimous opinion. This will create room for yet another trumper. This is how trump is pressuring Powell to resign. The added plus is that it's yet another attempt to distract from the Epstein files.

[Calista241]

12. Her term ends in 6 months, and it feels like she needed to make sure she had a job.

She doesn't have to deal with Cheeto's bullshit anymore. Going back to Georgetown as a professor is probably the best move for anyone in her position.

[dsc]

13. A federal reserve board member

would have to be a top drawer recruit for any college's economics department. Maybe she would have had to sit out a few months depending on when her term actually ended, but she surely would have been employed quickly.

[Hornedfrog2000]

14. Literally just pulled my funds from my 401k

Writing is on the walls. A lot of phony rich people out there right now

[progree]

15. Unless it's a Roth-style 401k, you'll owe taxes on your withdrawal.

You can / could shift to something safer within a 401k, like an FDIC-insured CD or Treasury bond (and not pay any taxes). If that's not safe enough inside a 401K, then it's not safe enough outside the 401k either ... are you going to put cash under the mattress?

There might be enough time to cancel ...

Edited to add If it is a Roth-style 401k, and you withdraw it -- even though you pay no taxes on the withdrawal -- you no longer have the gold standard account from the standpoint of taxes: tax-free compounding plus no taxes on withdrawal. Meaning tax-free, period.

[JustABozoOnThisBus]

16. Good warning, good advice.

You can probably find a fund inside the 401k that's based on gold, if none of the bond funds are interesting. Or a fund based on cyber money (yikes! eek!).

[Sneederbunk]

18. Wonder what kind of personal threats she received.