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.
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Torrential rains turned a quiet Himalayan village into a disaster zone, prompting an urgent rescue mission as fears grow for nearly 100 missing in northern India.
U.S. special envoy Steve Witkoff landed in Moscow on Wednesday for talks that could include President Vladimir Putin, as Washington warns it will impose fresh sanctions if Russia fails to accept a Ukraine ceasefire by Friday.
South Korea says it must hold further talks with Washington before a promised reduction in U.S. import tariffs on Korean cars can take effect, leaving a 15 % duty—due to replace the current 25 % rate on Thursday—in doubt.
The United States has begun discussions with the Cook Islands to survey and potentially develop seabed minerals in the archipelago’s vast exclusive economic zone, a step that could reshape strategic competition with China in the South Pacific.
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China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Most peace talks fail. Some drag on for years. Others collapse in days. But even when they don’t succeed, they can save lives. From backchannel meetings to battlefield truces, here’s how peace talks actually work — and why making peace is often harder than making war.
Torrential rains turned a quiet Himalayan village into a disaster zone, prompting an urgent rescue mission as fears grow for nearly 100 missing in northern India.
U.S. special envoy Steve Witkoff landed in Moscow on Wednesday for talks that could include President Vladimir Putin, as Washington warns it will impose fresh sanctions if Russia fails to accept a Ukraine ceasefire by Friday.
South Korea says it must hold further talks with Washington before a promised reduction in U.S. import tariffs on Korean cars can take effect, leaving a 15 % duty—due to replace the current 25 % rate on Thursday—in doubt.
The United States has begun discussions with the Cook Islands to survey and potentially develop seabed minerals in the archipelago’s vast exclusive economic zone, a step that could reshape strategic competition with China in the South Pacific.
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