Trump Calls for Powell’s Resignation Following Fed Governor’s Departure

In a significant development in U.S. economic policy, former President Donald Trump has called for Federal Reserve Chairman Jerome Powell to resign. This demand comes in the wake of Federal Reserve Governor Adriana Kugler’s resignation, which has opened up a noteworthy vacancy within the Fed’s leadership.

The Context of Kugler’s Departure

Adriana Kugler, appointed by President Joe Biden, recently stepped down from her position effective August 8, well ahead of her term, which was scheduled to end in January 2026. In her resignation statement, Kugler expressed, “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System. 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.”

This unexpected resignation provides President Trump an opportunity to nominate a new member to the Federal Reserve, which is critical in shaping monetary policy.

Trump’s Reaction on Truth Social

Trump voiced his opinion via his platform Truth Social, stating:

“Too Late. Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!”

His comments indicate a growing discontent with Powell’s leadership, particularly regarding interest rate policies, which many feel are impacting the economy negatively.

Internal Disagreements Reported

Adding to the tension within the Federal Reserve, Bill Pulte, U.S. Director of Federal Housing, mentioned that there are "internal disagreements with Jay Powell" among Fed insiders. His observation highlights a potential rift within the organization, illuminating the contentious atmosphere regarding economic decision-making at the Fed.

Key Points:

• Resignation of Adriana Kugler: Stepped down from the Federal Reserve effective August 8, 2025.
• Trump’s Criticism: Calls for Powell’s resignation, suggesting both have made poor decisions regarding interest rates.
• Opportunity for Trump: The vacancy left by Kugler allows Trump to nominate a new Federal Reserve member.
• Internal Disputes: Reports of disagreements within the Federal Reserve indicate possible instability in leadership.

Conclusion

As the economic landscape continues to evolve, the implications of these leadership changes at the Federal Reserve may resonate throughout the financial world. With Trump positioned to nominate a new member to the Fed, stakeholders will be observing closely how this impacts future monetary policy. For further details on the Federal Reserve and its implications on the economy, check out resources like CNN and Bloomberg.

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