The Federal Reserve Board announced that Adriana Kugler will step down from her position as governor of the Federal Reserve Board, effective August 8. Dr. Kugler, who has served as a governor since September 13, 2023, submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall. “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System. 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,” said Governor Kugler.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Trump Fires Labor Statistics Head after Alarming Jobs Report
- Trump says directed team to fire ‘Biden Appointee’ preparing jobs numbers
- Trump Deploys Nuclear Submarines over Russia’s ‘Highly Provocative Statements’
- JPMorgan still looking for next Fed rate cut in December
- Dow Jones Index Today: DJIA Slumps on Weak Jobs Report and Negative Consumer Sentiment