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Fed Governor Adriana Kugler resigns early in boost for Trump

Fed Governor Adriana Kugler resigns early in boost for Trump: what to know

O n Friday, the Federal Reserve announced Adriana D. Kugler, a member of its Board of Governors, is resigning early in a move that will allow President Donald Trump to select her replacement amid ongoing tensions with Jerome Powell, the body's chair.

USA TODAY on MSN · 14h

Trump to appoint new Fed board member after governor Kugler announces resignation

Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026.

The New York Times · 14h

Fed Governor Steps Down Early, Giving Trump Opportunity to Shape Central Bank

The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down.

Trump, Fed and US labor

Reuters on MSN · 5h

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

In a second surprise economic policy development, Fed Governor Adriana Kugler unexpectedly announced her resignation on Friday afternoon.

Bloomberg on MSN · 11h

Trump Fires Data Chief on Bad Job News, Gets Chance to Tilt Fed

President Donald Trump got some bad economic news Friday, and responded by shooting the messenger. Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring.

Hosted on MSN · 14h

Data credibility fears fueled after Trump orders firing of labor official

By Davide Barbuscia NEW YORK (Reuters) -Sharp downward revisions to past jobs data on Friday, followed by Trump’s sudden order to fire the head of the Bureau of Labor Statistics, stoked investor fears about the integrity of economic data and the Fed’s ability to read the true state of the economy.

2 Fed dissenters said they're worried about job market

Reuters on MSN · 17h

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 bank should have cut interest rates when it met this week, as it offered some support to those who’d favored an easing in borrowing costs.

MarketWatch · 1d

The two Fed dissenters said they're worried about job market

The two dissenters from the Federal Reserve's decision to hold policy steady both said they wanted lower rates because of concerns about the labor market. Fed Vice Chair Michelle Bowman said the labor market "shows increasing signs of fragility.

The Gazette · 22h

Fed officials Bowman, Waller link their policy dissents to job market concerns

"With economic growth slowing this year and signs of a less dynamic labor market, I saw it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting," Fed Vice Chair for Supervision Michelle Bowman said in a statement.

Trump calls on Fed board to take 'control' if rates not cut

NBC News on MSN · 2d

Fed holds interest rates steady as two Trump appointees vote to cut them

Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.

USA TODAY · 2d

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Forbes · 18h

Mortgage Rate Outlook: Should You Lock Now Or Wait For Possible Fed Cuts?

Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver a rate cut. The majority of members voted to leave the federal funds rate unchanged at 4.

Inflation, Fed

The Wall Street Journal · 15h

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 that make the central bank [cautious about cutting interest rates](

The Financial Times · 1d

US PCE inflation continues rising in line with Fed expectations

Import sensitive goods categories, such as furnishings and durable household equipment, saw large jumps relative to May May and April headline and core PCE readings were also revised up, in line with the GDP deflator reading released yesterday The June PCE inflation numbers vindicate the Fed’s majority decision to hold rates steady in July.

CNBC on MSN · 1d

Inflation higher than expected, Fed’s preferred gauge shows

CNBC's Rick Santelli joins 'Squawk box' to break down the latest economic data to cross the tape.

18hon MSN

Fed’s Dissenters Were Worried About Jobs. Now We All Are.

The Federal Reserve released dissenting statements from two officials early Friday morning, revealing internal disagreements ...

17h

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 ...

19hon MSN

US payrolls revisions jolt markets, making Fed look behind the curve

News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past ...

14hon 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 ...

Fed keeps interest rates unchanged for fifth-straight time

President Donald Trump urged the central bank to cut rates. Fed Chair Jerome Powell is holding firm — but more and more colleagues don’t agree.

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