Federal Reserve Governor Adriana Kugler announced her resignation Friday, opening a key seat on the central bank’s Board of Governors as President Trump presses for lower interest rates.
Her departure gives Trump an opportunity to install another Fed official aligned with his push to ease monetary policy. Two of his current appointees, Christopher Waller and Michelle Bowman, dissented at this week’s Federal Open Market Committee meeting, favoring a rate cut over the majority’s decision to hold steady. Kugler was not present for the vote.
Appointed by Joe Biden in 2023 to fill the remainder of Lael Brainard’s term, Kugler was set to serve through January 2026. As a Fed governor, she held a permanent voting seat on the Federal Open Market Committee, which is tasked with setting interest rates.
In recent months, Kugler had taken a more hawkish stance, signaling support for holding interest rates steady while the effects of Trump’s tariffs remain under review.
