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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 · 18h

Fed Governor Adriana Kugler Resigns Early in Boost for Trump: What To Know

Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is "TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair" in a post on his Truth Social website on Thursday.

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, Trump and rates

SFGATE · 11h

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 4.5%.

The New York Times · 1d

Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.

Los Angeles Times · 1d

Trump urges Fed board to ‘assume control’ if rates not cut

President Trump called on the Federal Reserve board to 'assume control' if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank’s head.

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 ...

11hon MSN

Did the Fed just royally screw up?

“The labor market has become less dynamic and shows increasing signs of fragility,” Bowman wrote, adding that just few ...

17hon MSN

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 ...

21hon 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 ...

14hon 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 ...

The Fed's Preferred Inflation Gauge Shows Rising Price Pressures

Inflation picked up in June, as measured by the Federal Reserve's preferred gauge, reflecting the continued price pressures ...

1don MSN

The Jobs Report Stunned. The Fed Has to Recalculate.

The Fed’s next policy meeting is six weeks away. That leaves time for another jobs report, fresh inflation data, and the ...