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Episode Transcript
News when you wanted. With Bloomberg News Now, I'm Amy Morris.
Federal Reserve Governor Adriana Kugler will step down from her
position on the Central Banks Board. Kugler did not attend
this week's FMC meeting due to a personal matter. Her
resignation comes amid intense pressure from President Trump and his
allies for the FED to lower interest rates, which they
(00:21):
have not done this year. Treasury Secretary Scott Bessen had
suggested the administration might nominate someone to first fill Kugler's seat,
and then later move to elevate that person to chair.
Kugler has served as a FED governor since September of
twenty twenty three. Her term was set to expire in January. Now,
her resignation is effective August eighth. She will return to
(00:43):
her position as a professor at Georgetown University. That's news
when you want it. With Bloomberg News Now, I'm Ammy Morris,
Missus Bloomberg
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