The Governor of the Federal Reserve Kugler retires and gives Trump slot to fill | Company Business News

WASHINGTON – The Federal Reserve announced on Friday that Governor Adriana Kugler will retire next week and open a place on the mighty council of the central bank that President Donald Trump will be able to fill. Kugler, who did not participate in the Fed’s policy meeting earlier this week, would have completed her term in January. Instead, she will retire on August 8. She did not give a reason to retire in her resignation letter. Trump has continued his attacks on the Fed since chairman Jerome Powell said on Wednesday that the central bank would keep its short -term interest rate unchanged. Powell also said the Fed could take months to evaluate the impact of rates on the economy before deciding to lower the rates, as Trump claimed. Powell is “a stubborn idiot, must now significantly reduce interest rates,” Trump posted early Friday morning before the monthly work report was released. The report shows that the rent delayed in July and in May and June was much lower than initially reported. Kugler was appointed by former President Joe Biden in the seven members of the governor in September 2023. She was the first governor of the Spanish Fed, and was a professor at the University of Georgetown and was the US representative of the World Bank. She will return to the Georgetown faculty in the fall. “I am proud to tackle this role with Integrity, a strong commitment to serve the public, and with a data -acid approach strongly based on my expertise in labor markets and inflation,” she said in her resignation letter. This article was generated from an automated news agency feed without edits to text.