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.
Venezuela has formally notified the United Nations that it is withdrawing from the International Criminal Court (ICC), ending its participation in the...
Iran has accused Ukraine of attacking one of its commercial vessels in the Caspian Sea, escalating tensions after President Volodymyr Zelenskyy praise...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 26th of July, covering the latest developments you need to kno...
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Spain has declared a national emergency and evacuated more than 10,000 people after uncontrolled wildfires reached the outskirts of Madrid. Emergency crews have rescued residents as multiple blazes continue to spread across the region.
Powerr had been fully restored across Georgia following a nationwide blackout early on Friday, the country’s state-owned electricity operator, the Georgian State Electrosystem has confirmed.
Six candidates vying to become the next United Nations Secretary-General have called for restoring the organisation's credibility, strengthening multilateralism and reforming the UN, during the first public town hall debate ahead of a decisive Security Council vote next week.
Venezuela has formally notified the United Nations that it is withdrawing from the International Criminal Court (ICC), ending its participation in the Hague-based tribunal as it continues to reject an investigation into alleged crimes against humanity committed in the country.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 26th of July, covering the latest developments you need to know.
More than 700,000 people have been evacuated to safety in southern China after Typhoon Noul made landfall in Guangdong province, bringing destructive winds and urging warnings of torrential rain and flash flooding.
Brazilian Senator Flavio Bolsonaro has formally launched his campaign to unseat President Luiz Inácio Lula da Silva in October's presidential election, promising tax cuts, tougher action on crime and a continuation of his father's political legacy.
Kazakhstan's President Kassym-Jomart Tokayev called on Saturday for Russia and Ukraine to freeze the conflict and return to peace talks, saying a negotiated settlement remained possible despite the entrenched positions of both sides.
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