Reply to Why did Gold spike after the jobs report?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm[/quote]
Sanitized letter. Anyone think she was the fall guy? [/quote]

Resignation after two years is common for governors who are tenured academics. Typically, universities allow their professors two years of leave to do government service, but terminate them if they take more. You give up a lot if you give up tenure; as a professor of mine once put it, it is very hard to overestimate the present value of tenure.

Kugler became a Fed governor in September two years ago, so her resignation makes sense.

My guess is the spot will remain unfilled until the end of January when her term ends. Putting someone in her place before then makes little sense as they could get only the rest of her term. After six months they would have to be nominated and confirmed again. But if someone is confirmed in early February they will enjoy a 14-year term without a renomination process.[/quote]

Wait, is this real? Biden's handlers intentionally (or incompetently) gave away a Fed seat to Trump???[/quote]

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