Federal Reserve Governor Resigns Amid Trump’s Pressure – Is Powell Next?

Federal Reserve Board of Governors member Adriana Kugler has resigned from her position, effective August 8, 2025. The departure comes during heightened political tension as President Donald TRUMP pressures the central bank for aggressive interest rate cuts.

Kugler, a Biden appointee and former World Bank executive, submitted her resignation without specifying reasons. Her tenure coincided with the Fed's delicate balancing act between inflation control and labor market stability. Chairman Jerome Powell acknowledged her contributions, noting her "impressive experience and academic insights."

The resignation fuels speculation about leadership stability at the Fed during a critical monetary policy juncture. Market participants now watch for potential Ripple effects across financial markets, including digital assets that often react to dollar liquidity expectations.