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.
Spain held a state funeral on Wednesday to honor the 237 victims of the deadly Valencia floods that struck on October 29, 2024, the most catastrophic ...
President Donald Trump announced on Thursday that he has approved South Korea to build a nuclear-powered submarine, which will be constructed in the U...
Israeli Prime Minister Benjamin Netanyahu visited the Civil-Military Coordination Center in Kiryat Gat on Wednesday, highlighting ongoing cooperation ...
The French government expressed concern over the violent crackdown on post-election protests in Cameroon, urging authorities to guarantee the safety a...
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admit...
Spain held a state funeral on Wednesday to honor the 237 victims of the deadly Valencia floods that struck on October 29, 2024, the most catastrophic flooding in Europe in more than five decades.
President Donald Trump announced on Thursday that he has approved South Korea to build a nuclear-powered submarine, which will be constructed in the United States, during his ongoing trip to Asia.
Israeli Prime Minister Benjamin Netanyahu visited the Civil-Military Coordination Center in Kiryat Gat on Wednesday, highlighting ongoing cooperation with the United States on Gaza.
The French government expressed concern over the violent crackdown on post-election protests in Cameroon, urging authorities to guarantee the safety and physical integrity of all citizens, the Foreign Ministry said Wednesday.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Hundreds of civilians were reportedly killed by the Rapid Support Forces at the main hospital in el-Fasher, days after the militia captured the Sudanese city, the head of the UN health agency said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
The International Atomic Energy Agency (IAEA) is conducting inspections in Iran but has not visited the three sites that were bombed by the United States in June, IAEA Director General Rafael Grossi said Wednesday.
Spain held a state funeral on Wednesday to honor the 237 victims of the deadly Valencia floods that struck on October 29, 2024, the most catastrophic flooding in Europe in more than five decades.
President Donald Trump announced on Thursday that he has approved South Korea to build a nuclear-powered submarine, which will be constructed in the United States, during his ongoing trip to Asia.
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