President Donald Trump has announced he will appoint a new Federal Reserve governor by the end of the week following the resignation of Governor Adriana Kugler, who will leave her post on 8 August.
Kugler became a governor in September 2023, and will leave before her term’s conclusion, which was set to expire at the end of January 2026.
"I'll be making that decision before the end of the week," Trump said.
Trump noted that the selection process has been narrowed down to a few final candidates. “Everybody wants it. Okay? It’s not a couple, but we’ve narrowed it to a couple of candidates,” he said.
The president also indicated that the search for a potential replacement for current Fed Chair Jerome Powell has progressed, with the list now down to four individuals.
“We’re looking at the Fed chair and that’s down to four people right now… I’ve already said this, two Kevins and two other people,” Trump remarked.
There is ongoing speculation that Trump may use the upcoming Fed governor appointment to position a future chair candidate in a transitional role ahead of broader leadership changes at the central bank.
The younger son of Hollywood filmmaker and political activist Rob Reiner was formally charged on Tuesday (16 December) with first-degree murder in the...
Police in Australia said on Wednesday (17 December) they had charged a man who allegedly opened fire on a Jewish event on Sydney's Bondi Beach with 59...
U.S. President Donald Trump has ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela on Tuesday (16 December), in Washing...
Austria’s public broadcaster ORF, which is hosting the Eurovision Song Contest next year, has said it will not block Palestinian flags in the audien...
Citizens from an additional seven countries, including Syria, are being banned from travelling to the U.S. from the 1st of January next year. Presiden...
The younger son of Hollywood filmmaker and political activist Rob Reiner was formally charged on Tuesday (16 December) with first-degree murder in the stabbing deaths of his parents, who were found slain in their Los Angeles home over the weekend.
U.S. President Donald Trump has ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela on Tuesday (16 December), in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.
Police in Australia said on Wednesday (17 December) they had charged a man who allegedly opened fire on a Jewish event on Sydney's Bondi Beach with 59 offences, including a terror charge. It was Australia’s deadliest mass shooting in more than 30 years.
Austria’s public broadcaster ORF, which is hosting the Eurovision Song Contest next year, has said it will not block Palestinian flags in the audience or suppress crowd reactions during Israel’s performance.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
Fighting along the Thailand–Cambodia border has entered a fifth consecutive day, despite U.S. President Donald Trump claiming he had brokered a ceasefire between the two sides.
Authorities discovered the lifeless bodies of renowned filmmaker Rob Reiner, aged 78, and his wife, Michele Reiner, 68, in their upscale Brentwood home in Los Angeles on Sunday. The police investigation has labeled the incident an apparent homicide.
Schools across Cambodia and Thailand were forced to close on Monday (15 December) as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
The younger son of Hollywood filmmaker and political activist Rob Reiner was formally charged on Tuesday (16 December) with first-degree murder in the stabbing deaths of his parents, who were found slain in their Los Angeles home over the weekend.
Police in Australia said on Wednesday (17 December) they had charged a man who allegedly opened fire on a Jewish event on Sydney's Bondi Beach with 59 offences, including a terror charge. It was Australia’s deadliest mass shooting in more than 30 years.
U.S. President Donald Trump has ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela on Tuesday (16 December), in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.
Austria’s public broadcaster ORF, which is hosting the Eurovision Song Contest next year, has said it will not block Palestinian flags in the audience or suppress crowd reactions during Israel’s performance.
Citizens from an additional seven countries, including Syria, are being banned from travelling to the U.S. from the 1st of January next year. President Donald Trump made the annoucement on Tuesday (16 December) now has a total of 39 countries banned from entering the States.
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