Trump demands Powell resign as Fed Governor Adriana Kugler steps down: '…was doing the wrong thing…’

Aug 1, 2025 - 17:00
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Trump demands Powell resign as Fed Governor Adriana Kugler steps down: '…was doing the wrong thing…’
Following Fed Governor Adriana Kugler's resignation, Trump urged Jerome Powell to resign as well. Kugler’s departure allows Trump to potentially nominate a new Fed member who shares his views on monetary policy, increasing pressure for rate cuts.

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