A: Yo, Sakura-chan! Heard any news lately? 🗞️
B: Nah, just the usual. What's up? 🤷‍♀️

A: Well, you know Adriana Kugler from the Fed? She's resigning on August 8th! 👩‍💼
B: No way, really? Why though? 😮

A: Seems like she's going back to teach at a university this fall. Her term was supposed to end in January next year, but she's quitting early. 🎓
B: That's surprising... I wonder who'll replace her. 🤔

A: Looks like Trump might be able to pick someone he likes! Some news outlets say it gives him a chance to shake up the Fed leadership. He's not happy with the current chair, Jerome Powell. 💥
B: Wow, that sounds big! I hope it won't affect our wallets too much. 😕

A: Well, let's wait and see who Trump picks as her replacement. He seemed pretty happy about the open spot on the board! 😊
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The US Federal Reserve has announced that its board member, Adriana Kugler, will step down on August 8. President Donald Trump will replace her with his pick.



The Fed said on Friday that Kugler will resign and return to a university as a professor this fall. She will have resigned before the end of her term set in January next year.



Kugler is one of the seven members of the board of governors. The Fed chair is elected from the board members.



US media suggested Trump would take the opportunity to influence the leadership of the central bank. Trump has strongly criticized Fed Chair Jerome Powell over monetary policies, apparently believing he should resign.



News outlet Axios reported that Kugler's resignation will give Trump "an early opportunity to appoint a favored candidate for potential leadership of the central bank."



Trump spoke to reporters after Kugler's resignation was announced. He said, "I'm very happy" that "I have an open spot on the Federal Reserve Board."
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Quiz 1:
Who is resigning from her position at the US Federal Reserve?
A. Adriana Kugler's replacement
B. Donald Trump
C. The Fed Chair
D. A member of the board of governors

[Answer block]
Answers: Quiz 1: D

Quiz 2:
What is Adriana Kugler's intended position after resigning from the US Federal Reserve?
A. Another role in the US government
B. A university professor
C. The Fed chair
D. A private sector job

[Answer block]
Answers: Quiz 2: B

Quiz 3:
What is the implication of Adriana Kugler's resignation according to news outlet Axios?
A. It will not affect Trump's ability to appoint a favored candidate for potential leadership of the central bank.
B. It will give Trump an early opportunity to appoint a favored candidate for potential leadership of the central bank.
C. Trump has no intention of replacing Kugler.
D. The Fed chair will resign as well.

[Answer block]
Answers: Quiz 3: B