by Olivier Acuña Barba •Published: August 2, 2025•20:54•2 minutes read
The US Federal Reserve has announced the resignation of Adriana Coogler as governor of the board. Credit: lucasimages/shutterstock
On Friday (August 1) the US Federal Reserve Committee announced that Adriana D. Coogler will leave her post as federal governor on August 8th, opening a place where President Donald Trump will fill the appointees.
Coogler was appointed in 2023 by former President Joe Biden for a three-year term ending in January 2023. statement Did not cite the reason for the cooler’s departure.
“It was a lifelong honor to serve on the Federal Reserve Governor’s Committee,” Gov. Cooler said. “I am particularly honored to serve at a critical time in achieving the dual mission of lowering prices and maintaining a strong and resilient labour market.”
“Powell should be resigning.”
Trump I responded “Too late. Powell should resign, just as Biden’s appointee Adriana Kugler resigns. She knew he was doing the wrong thing with interest rates. He should resign.
Coogler’s resignation was announced as Trump fired Erica Mantelfer, director of the Bureau of Labor Statistics, claiming that Biden had appointed him and manipulated the labor statistics for political reasons. The president did not provide evidence of charges that were not related to the resignation of the federal governor.
“I have directed the team to fire this Biden political appointee right away. She will be replaced by someone more capable and qualified.” Posted A true society.
“The US job number was equipped.”
Trump later Posted: “In my opinion, the number of jobs today was equipped to make Republicans.
The accusations that the data has been forged are serious and could undermine the political legitimacy of US government economic data. This has long been considered the “gold standard” of economic measurement worldwide. I wrote it. For decades, economists and Wall Street investors have generally accepted data as politically unbiased.
Trump has been harshly criticizing the Fed for months as central banks have not cut interest rates, and Coogler’s resignation means policymakers will be able to quickly set up new voices when they are abnormally divided.
It is unknown whether Trump can demote power.
If the Senate confirms that he will serve on the Federal Reserve Board, those who choose to replace Kugler are eligible to become the next Fed Chairman. According to Fed rules, the chairperson can only be selected among current members of the Fed’s board.
It is legally unclear whether Trump has the power to demote Powell and lift another governor as chairman. CNN I wrote it.
Powell’s term as Fed Governor will end in 2028. At a press conference Wednesday, Powell refused to say if he intends to stay on the board after his term after the chair ended.
