President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Adriana Kugler, a Federal Reserve governor, is stepping down from her position on August 8. Kugler, who joined the Fed in September 2023, was expected to serve until January 31, 2026. What Happened: The Fed announced Kugler’s resignation,

Despite the turmoil over poor job growth numbers on Friday, President Donald Trump scored a major victory with the resignation of a Federal Reserve Board member. Adriana D. Kugler submitted her resignation letter to Trump,