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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The Paris prosecutor said on Tuesday it has opened a preliminary investigation into Australian-owned firm Kick following the online death of a French ...
DNA studies reveal humans nearly vanished 900,000 years ago, with populations dropping to just a few thousand. Ancient climate chaos pushed early huma...
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More Palestinian families left Gaza City on Tuesday after a night of Israeli shelling on its outskirts, as Israelis launched a day of nationwide protests calling for hostages to be released and the war in Gaza to end.
Türkiye is facing a severe drought that is impacting water resources, shrinking reservoirs and unprecedented shortages affecting daily life, agriculture, and industry.
The Paris prosecutor said on Tuesday it has opened a preliminary investigation into Australian-owned firm Kick following the online death of a French streamer on the livestreaming platform last week.
DNA studies reveal humans nearly vanished 900,000 years ago, with populations dropping to just a few thousand. Ancient climate chaos pushed early humans to the brink, shaping the survival story hidden in our genes today.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Iran is currently facing threats of a reimposition of sanctions at the UN security council that were originally lifted under a deal made ten years ago.
The Paris prosecutor said on Tuesday it has opened a preliminary investigation into Australian-owned firm Kick following the online death of a French streamer on the livestreaming platform last week.
An overnight blaze has gutted half of the Marshall Islands' parliament building, known as the Nitijela in Majuro. The remaining structure is unusable, with archives, library, chambers, and offices destroyed. Firefighters extinguished the flames, but the nation faces a critical recovery challenge.
A senior Chinese trade delegation led by veteran negotiator Li Chenggang is traveling to Washington this week to restart high-level trade talks with the United States, in what officials describe as a critical step toward stabilizing economic ties between the world’s two largest economies.
Nigel Farage, leader of Britain’s anti-migration Reform UK party, unveiled a sweeping plan on Tuesday to scrap human rights protections and enable mass deportations of asylum seekers, a move he said was necessary to avert “major civil disorder.”
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