Kugler was nominated by President Joe Biden and has served in her position since September 2023. According to the Fed, she "submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall." Kugler's term was set to expire at the end of January.

President Donald Trump fired the head of the Bureau of Labor Statistics, Erika McEntarfer, after the agency’s latest jobs report showed the economy’s slowest months of job growth since the 2020 coronavirus pandemic.

Adriana Kugler’s exit unfolds amid unprecedented public pressure from the White House on the central bank over monetary policy, with Trump regularly launching personal insults at Jerome Powell,

President Donald Trump claimed Friday he “most likely” will not fire Federal Reserve Chair Jerome Powell, despite persistently goading him to leave his post. Trump has publicly criticized the Fed chair for months for keeping interest rates steady despite the president’s insistence that Powell lower them.

U.S. President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24,