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Trump to appoint new Fed board member

Kugler resigning from Fed, opening door to Trump appointment

The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump.

Newsweek on MSN · 14h

Fed Governor Adriana Kugler resigns early in boost for Trump: what to know

O n Friday, the Federal Reserve announced Adriana D. Kugler, a member of its Board of Governors, is resigning early in a move that will allow President Donald Trump to select her replacement amid ongoing tensions with Jerome Powell, the body's chair.

CNN on MSN · 1d

A Fed governor is resigning, opening a spot for a Trump appointee

A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy.

Fed, Bowman and Waller

Fox Business on MSN · 13h

Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.

CNBC on MSN · 1d

Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday.

Wall Street Journal · 1d

Fed's Bowman and Waller Explain Why They Voted for Rate Cuts

Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have grown more concerned about the labor market, and thought their colleagues were being too cautious about inflation.

Mortgage Rates Dropped Ahead of This Week's Fed Meeting—But the Link May Be Weaker Than You Think

Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...

Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts ...

10hon MSN

Trump Claims He 'Most Likely' Will Not Fire Fed Chair Jerome Powell

President Donald Trump claimed Friday he “most likely” will not fire Federal Reserve Chair Jerome Powell, despite ...

1don MSN

Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

2don MSN

Waiting for a Fed rate cut? Chair Powell offered few signals of one, economists say

Nothing tariffs are starting to push up prices, Powell said the Fed is already “looking through” goods inflation by not ...

17hon MSN

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

In a second surprise economic policy development, Fed Governor Adriana Kugler unexpectedly announced her resignation on ...

1don MSN

Fed Officials Take Cool Jobs Report in Stride

The New York Fed’s John Williams says the labor market remains solid, even after unusually large downward revisions to job ...