Adriana D. Kugler will leave her position as a governor of the Federal Reserve Board, effective August 8, 2025, according to an announcement made by the Board on Friday.
Kugler has served as a governor since September 13, 2023. She submitted her resignation letter to President Trump and plans to return to Georgetown University as a professor in the fall. The Board released the text of her resignation letter along with the announcement.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” said Governor Kugler. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”
Federal Reserve Board Chair Jerome H. Powell commented on her departure: “I appreciate Dr. Kugler’s service on the Board and wish her very well in her future endeavors. She brought impressive experience and academic insights to her work on the Board.”
During her tenure, Kugler participated actively in several committees such as the Committee on Financial Stability, Committee on Federal Reserve Bank Affairs, Committee on Board Affairs, and Subcommittee on Smaller Regional and Community Banking. She also represented the Board at the Center for Latin American Monetary Studies and visited most Federal Reserve districts.
Before joining the Federal Reserve Board, Kugler held roles at Georgetown University including vice provost for faculty and professor of public policy at its McCourt School. She previously served as U.S. executive director at the World Bank—where she received recognition from the U.S. Department of Treasury—and was chief economist at the U.S. Department of Labor from 2011-2013.
Kugler holds a Ph.D. in economics from University of California at Berkeley and completed undergraduate studies with honors in economics and political science at McGill University.
