Fed governor Adriana Kugler resigning, opening up spot for Trump to fill
New York Post1 day
Fed Governor Kugler Resigns, Opening Trump Appointment Slot
Above: Adriana Kugler attends a meeting at the Federal Reserve Board building in Washington, D.C., on June 25, 2025. Image copyright: SAUL LOEB/AFP/Getty Images
The Spin
Republican narrative
Kugler's early departure hands Trump a golden opportunity to install someone who actually understands the need for lower interest rates. The Fed has been stubbornly keeping rates too high while the economy needs stimulus, and now there's finally a chance to get some common sense on that board. Powell, who’s led the charge on high rates, should follow Kugler’s lead and resign too.
Democratic narrative
This resignation creates dangerous uncertainty at a critical moment for monetary policy independence. The timing raises concerns about political pressure on Fed officials, especially given the intense public criticism from the administration. The central bank's credibility depends on governors making decisions based on economic data, not political considerations.