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A vacancy on the Fed is opening early as Trump urges board to 'assume control' if Powell doesn't cut rates

A vacancy on the Fed is opening early as Trump urges board to 'assume control' if Powell doesn't cut rates
business8/2/2025

The 12 voting members of the FOMC make interest rate decisions based on a simple majority vote.

Fed Governor Adriana Kugler announced Friday she is stepping down from her position earlier than expected, giving President Donald Trump the chance to expand his influence over the central bank as he calls for a revolt against Chairman Jerome Powell.... [4123 chars]