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.
Indian police detained more than 2,000 protesters in Delhi on Saturday as authorities blocked a planned demonstration calling for the resignation o...
A powerful explosion has been reported at King Khalid International Airport in Riyadh, raising fresh concerns over aviation security in Saudi Arabi...
At least 12 people, including three children, have been killed in a Russian attack on the Ukrainian city of Zaporizhzhia, a day after U.S. Presiden...
Leaders of countries from the Commonwealth of Independent States (CIS) have agreed to hold coordinated population censuses around 2030. They took the decision at the CIS Council of Heads of State meeting in Awaza, Turkmenistan on Friday, media reported.
Britain and Israel have reached a temporary compromise over the future of the British Consulate General in East Jerusalem, easing a diplomatic dispute that had threatened to further strain relations between the two countries.
South African judge Navanethem “Navi” Pillay won the Nobel Peace Prize on Friday “for her efforts to promote peace and international law,” the Norwegian Nobel Committee said.
The U.S. has imposed sanctions on the International Criminal Court (ICC) on Friday (9 October) escalating tensions with European allies and potentially targeting companies that provide services to the tribunal. The move came hours after former ICC judge Navi Pillay won the Nobel Peace Prize.
Ukrainian President Volodymyr Zelenskyy has sharply criticised the United States following a series of Russian attacks that killed more than 70 people over two days, arguing that Washington is not doing enough to help Kyiv counter Moscow's continued assault.
Indian police detained more than 2,000 protesters in Delhi on Saturday as authorities blocked a planned demonstration calling for the resignation of Chief Election Commissioner Gyanesh Kumar over disputed changes to voter lists.
At least 12 people, including three children, have been killed in a Russian attack on the Ukrainian city of Zaporizhzhia, a day after U.S. President Donald Trump announced a deal to ease sanctions on Russian diesel.
Ukrainian President Volodymyr Zelenskyy has criticised U.S. President Donald Trump’s decision to ease sanctions on Russian diesel exports, questioning why Moscow was granted an economic benefit without an apparent concession towards ending the war in Ukraine.
Russian President Vladimir Putin expressed surprise after Donald Trump mediated the Armenia-Azerbaijan peace agreement in 2025, the U.S. President said at a rally in New York state on Friday.
The United Nations has condemned a sharp rise in attacks on civilians in Ukraine, reporting that more than 100 people were killed and at least 429 injured in a single week as Russian strikes hit residential areas, passenger buses and critical infrastructure.
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