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Trump to appoint new Fed board member

Reuters on MSN · 13h

Kugler resigning from Fed, opening door to Trump appointment

The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump.

Newsweek on MSN · 21h

Fed Governor Adriana Kugler Resigns Early in Boost for Trump: What To Know

Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is "TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair" in a post on his Truth Social website on Thursday.

CNN on MSN · 1d

A Fed governor is resigning, opening a spot for a Trump appointee

A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy.

Fed, Trump and rates

Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to 4.5%.

The New York Times · 1d

Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.

Fortune on MSN · 1d

A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates

President Trump erupted on social media after the Federal Reserve held interest rates steady this week. The president called on the board to “assume control” and lower interest rates on the same day a Biden-appointed Fed governor announced her resignation.

13hon MSN

Did the Fed just royally screw up?

“The labor market has become less dynamic and shows increasing signs of fragility,” Bowman wrote, adding that just few ...

10h

Mortgage Rates Dropped Ahead of This Week's Fed Meeting—But the Link May Be Weaker Than You Think

Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...

19hon MSN

Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...

1don MSN

Weakening US jobs market hits center of Fed rate policy debate

Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...

1don MSN

Fed Officials Take Cool Jobs Report in Stride

The New York Fed’s John Williams says the labor market remains solid, even after unusually large downward revisions to job ...

1don MSN

The Jobs Report Stunned. The Fed Has to Recalculate.

The Fed’s next policy meeting is six weeks away. That leaves time for another jobs report, fresh inflation data, and the ...

1d

Municipal Bonds Rally as Investors Bet on Earlier Fed Rate Cut

Municipal bonds are rallying on Friday, along with US Treasuries, after softer US jobs data spurred bets that the Federal ...

1d

The Fed's Preferred Inflation Gauge Shows Rising Price Pressures

Inflation picked up in June, as measured by the Federal Reserve's preferred gauge, reflecting the continued price pressures ...

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