美联储，重大变动！

Core Viewpoint - The resignation of Federal Reserve Governor Adriana Kugler may lead to a shift in the balance of monetary policy decisions, especially in the context of ongoing pressure from Trump and his allies for interest rate cuts [1][2]. Group 1: Resignation of Adriana Kugler - Adriana Kugler announced her resignation from the Federal Reserve Board, expressing her honor in serving during a critical time for the dual mission of lowering inflation and maintaining a strong labor market [1]. - Kugler's term was set to expire in 2026, and she is expected to return to Georgetown University as a professor [1]. - Her absence from the recent Federal Reserve policy meeting, where rates were held steady for the fifth consecutive time, raised questions about her departure [1][2]. Group 2: Economic Context and Employment Data - The resignation coincided with significant pressure from Trump for the Federal Reserve to lower interest rates, despite a slight easing of inflation [2]. - Shocking employment data revealed that only 73,000 non-farm jobs were added in July, far below the expected 110,000, with June's figures revised down from over 200,000 to just 14,000 [2][3]. - Atlanta Fed President Bostic expressed concerns that the disappointing employment report could indicate a broader economic weakness, while Cleveland Fed President Mester noted that the labor market remains healthy overall [3]. Group 3: Political Reactions - Following the employment data release, Trump called for the dismissal of the Bureau of Labor Statistics (BLS) director, claiming the data was manipulated for political purposes [3]. - Trump emphasized the need for accurate and fair reporting of important economic data, criticizing the significant downward revisions in employment figures [3].