Kugler’s resignation from Fed opens door for Trump, say experts
Governor’s departure could enable president to appoint “shadow chair” to further undermine Powell
US president Donald Trump’s choice to replace Adriana Kugler on the Federal Reserve Board will dissent from its decisions, regardless of the prevailing economic data, as they angle to replace Jerome Powell as chair, an expert tells Central Banking.
The Fed announced Kugler’s resignation on August 1. She had been due to complete her term on January 31, 2026, but will now step down on August 8 and return to Georgetown University in Washington, where she previously worked as an economics professor
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