Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates
18d ago
Business
CNBC

Federal Reserve Governor Lisa Kugler has announced her resignation, creating a vacancy on the influential Board of Governors, which plays a key role in setting U.S. interest rates. This resignation provides President Trump with an opportunity to nominate his own candidate to the Board. The appointment will be subject to Senate confirmation and could significantly shift the direction of monetary policy in the coming years. The timing is particularly significant given ongoing debates about inflation and interest rate adjustments.