Trump’s Influence on Federal Reserve Sparks Speculation Amid Key Resignation
Former President Donald Trump's behind-the-scenes maneuvering within the Federal Reserve is drawing scrutiny as Adriana Kugler, a pivotal board member, announces her early resignation. The departure fuels speculation about Chair Jerome Powell's future, with TRUMP reportedly pushing to install allies who align with his dovish monetary policy views.
Two sitting Fed members have already opposed current interest rate policies under Trump's influence. Kugler's exit opens a path for a third dissenting voice, potentially tilting the balance toward rate cuts. Yet substantive policy shifts WOULD still require consensus from seven of twelve voting members—a steep hurdle amid escalating political tensions.