August 3, 2025: The resignation of Federal Reserve Governor Adriana Kugler has been followed by an immediate demand from President Donald Trump for Fed Chairman Jerome Powell to also step down. The President’s call comes as he continues to push for aggressive interest rate cuts.
Kugler, 55, announced her resignation Friday, leaving a key seat on the central bank’s board open. While she did not provide a specific reason for her departure, her exit has amplified the political pressure on the Fed.
Trump seized on the opportunity to publicly criticize the central bank’s recent policies, stating that the Fed “was doing the wrong thing.” His remarks signal an intensifying battle between the White House and the Federal Reserve over the direction of the nation’s monetary policy, with the President publicly advocating for a change in leadership at the top of the institution.