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PBS News Hour - Segments

News Wrap: Federal Reserve governor to resign early, giving Trump an opening to fill

PBS News Hour - Segments

PBS NewsHour

News, Daily News

41K Ratings

🗓️ 1 August 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

In our news wrap Friday, Federal Reserve Governor Adriana Kugler resigned early, giving President Trump a position to fill, Epstein accomplice Ghislaine Maxwell has been moved from a federal prison in Florida to one in Texas, Russia launched its deadliest air assault on Kyiv in over a year and El Salvador will lengthen presidential terms to six years and remove term limits. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Today's other headlines start with a resignation at the Federal Reserve.

0:04.0

Fed Governor Adriana Coogler announced today she's stepping down early.

0:08.0

That leaves President Trump a position to fill on the central bank's powerful board.

0:13.0

Coogler's term would have ended in January.

0:16.0

Instead, she's leaving next Friday.

0:18.0

Cugler did not offer a reason in her resignation letter,

0:21.6

writing that she's, quote, proud to have tackled this role with integrity. This comes as

0:26.4

President Trump continues to attack Fed Chair Jerome Powell over his decision not to lower the central

0:32.2

bank's short-term interest rate. Markets slump today after the weak jobs report and President Trump's new

0:39.1

tariff threats. The Dow Jones Industrial average plummeted by more than 500 points. The NASDAQ

0:45.2

suffered the sharpest drop on the day losing more than 2%. The S&P closed lower to round out

0:51.0

Wall Street's worst day since May. Convicted sex trafficker and Jeffrey Epstein's

0:56.8

accomplice, Kulane Maxwell, has been moved from a federal prison in Florida to one in Texas.

1:02.9

Both the Federal Bureau of Prisons and her attorney confirmed the move to the minimum security

1:08.1

facility but didn't explain why. Maxwell was sentenced to 20 years in

1:12.8

jail for helping Epstein sexually abuse underage girls, a case with renewed interest over

1:18.5

President Trump's former relationship with Epstein. Justice Department officials interviewed Maxwell

1:23.9

at a Florida courthouse last week, and her lawyer has urged the president to pardon her.

1:29.4

Turning overseas now, there was an official day of mourning today in Ukraine's capital city

1:34.8

after Russia's deadliest air assault on Kiev in over a year. At least 31 people were killed

1:41.2

in yesterday's attacks. Mourners laid flowers at the memorial today and toys for the five children killed.

1:49.0

Sixteen other children were injured.

...

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