Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S. Announces Additional $6 Million in Humanitarian Aid to Cuba Amid Oil Sanctions and Fuel Shortages 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue 
Trump Signs “America First Arms Transfer Strategy” to Prioritize U.S. Weapons Sales 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Federal Reserve Governor Adriana D. Kugler will resign effective August 8, the central bank announced Friday. Kugler, who joined the Board of Governors on September 13, 2023, submitted her resignation to President Donald Trump and will return to Georgetown University as a professor this fall.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said, adding she was proud to help achieve the Fed’s dual mandate of lowering inflation while maintaining a resilient labor market.
Fed Chair Jerome Powell praised her contributions, citing her academic expertise and work across several committees, including the Committee on Financial Stability and the Subcommittee on Smaller Regional and Community Banking. Kugler also represented the Board internationally and visited 10 of the 12 Federal Reserve districts during her tenure.
Originally slated to serve until January 2026, Kugler’s early departure comes as the Trump administration intensifies calls for interest rate cuts amid ongoing economic pressures. The resignation coincides with discussions about the Fed’s leadership future, as Powell’s term as chair is set to end in May 2026. Treasury Secretary Scott Bessent has hinted the administration may nominate a successor to Kugler who could later be considered for the chair role.
Kugler’s exit marks another pivotal moment for U.S. monetary policy as debates over rate adjustments and the central bank’s direction continue. Her departure adds to speculation about how the administration’s upcoming appointments could reshape the Federal Reserve’s approach in the months ahead.
