The governor of the Federal Reserve just resigned.
Breitbart News reports that the Fed announced Adriana Kugler’s move on Friday.
President Donald Trump will now have to replace Kugler. Trump, though, as we will see, would also like to replace Chairman Jerome Powell.
🚨 WIN: Biden-appointed Fed Governor Adriana Kugler RESIGNS – Trump now gets to install a Fed Governor.
With weak jobs data & 2Y yields crashing (rate cuts coming!), Powell’s globalist grip fades.
WOULD YOU LIKE TO SEE TRUMP REFORM OR END THE FED? pic.twitter.com/6YNyZ1CerE
— Publius (@OcrazioCornPop) August 1, 2025
One down
Fox Business explains the context of Kugler’s resignation. It comes after the Bureau of Labor Statistics (BLS) made some changes to its jobs report.
Per the outlet:
The BLS reported on Friday that 74,000 jobs were added in July, well below the 110,000 estimate of economists polled by LSEG. The report also revised job growth in May and June downward. May’s gains were pared back by 125,000 to just 19,000 jobs created, while the June figures were revised down by 133,000 to just 14,000 jobs added that month.
Trump was clearly not happy about the situation, and he said that he would fire the bureau’s labor statistics chief. Then, Kugler resigned.
She said:
It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System. I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.
She did not go into detail about why she resigned. The resignation will be effective as of Aug. 8, 2025,
Powell’s next?
Trump took the opportunity, with Kugler’s resignation, to also put more pressure on Powell to resign.
On social media, the president wrote:
“Too Late” Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!
That is right – Kugler was an appointee of former President Joe Biden.
Bloomberg reports:
Trump told reporters Friday that he is “very happy” to have an open spot on the Fed board and that he believed Kugler decided to step down because “she disagreed” with Powell on rate-setting policy. Kugler’s public positions on borrowing costs have closely aligned with Powell.
Trump, at the time of this writing, has not given any hints about whom he will replace Kugler with. It could be interesting should Powell decide to stay and if Trump puts a close ally on the board.
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Author: Oliver Winters
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