The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump.

A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy.

A bubbling movement to overhaul the Fed is ready to seize the moment. Big changes are in store for the central bank.

Former President Donald Trump promised to lower interest rates if reelected. But the Fed, which sets the key rate, operates independently from the White House.

President Donald Trump has for months tried to pressure Federal Reserve chair Jerome Powell to resign from his post if he doesn't cut interest rates.

It’s very disruptive if you fire, so I would say most likely, yeah,” Trump responded when asked by Finnerty if Powell would stay in the role. The president also repeated hi

Trump says the Fed’s high interest rates are keeping Americans from buying houses. There’s more to it than that.