Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said in a statement released by the Fed. “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.”
Kugler’s governor term was set to expire in January 2026. Her resignation comes amid intense pressure from President Donald Trump and his allies for the Fed to lower interest rates, which they have declined to do all year.
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