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Kugler to step down from Fed board on Aug. 8, allowing Trump to fill her seat early
Federal Reserve Governor Adriana Kugler said Friday she will resign from the Federal Reserve Board of Governors effective Aug. 8, meaning President Trump could have a replacement in her seat earlier than expected.
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump ...
The board of governors is one of three key pillars making up the broader Federal Reserve System, along with the 12 regional reserve bank presidents and the Federal Open Market Committee ...
The Fed Board of Governors typically meets twice a month by teleconference or at the Federal Reserve headquarters in the Marriner S. Eccles Building at 2051 Constitution Avenue, NW Washington, ...
Randal Quarles, a member of the Federal Reserve board of governors, was vice chair for supervision at the central bank until this week. The Fed said that position would go unfilled.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
The Fed brushed off repeated calls from President Trump for a cut, though two members voted to reduce borrowing costs.
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