Tidbits, Federal Reserve, Ukraine, Endangerment Finding, FOB 8/4/25
- Wright team
- Aug 4
- 4 min read
Tidbits
On Sunday, OPEC+ reached a preliminary deal to increase oil production by 548,000 barrels per day beginning in September as concerns mount over potential supply disruptions linked to Russia amid increasing U.S. pressure on India to halt Russian oil purchases, part of Trump’s effort to bring Moscow to the negotiating table for a peace deal with Ukraine.
The Federal Reserve Governor Adriana Kugler has resigned from her position with the Fed effective 8 August. She was appointed by President Biden in 2023. Kugler did not attend this week’s rate-setting Federal Open Market Committee meeting.
Trump will select a Fed governor to replace Kugler to fill her term which ends 31 January 2026. Trump might pick a potential future chair to fill that slot.
On 31 July Ukraine’s Parliament overwhelmingly approved a bill restoring the independence of two key anti-corruption watchdogs, reversing President Zelenskyy’s unpopular and contentious move on 22 July that suspended anti-corruption investigations, which sparked protests and criticism from European officials.
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