Federal Reserve Governor Greg Kugler will resign next week, giving Trump a head start on appointments
2025-08-01 19:31:13
On August 2nd, the Federal Reserve said in a statement that < b > Federal Reserve Governor Kugler will resign next week, providing Trump with an opportunity to advance the appointment of a favored candidate who may take the central bank leadership position. Kugler's position was originally scheduled to be vacant in January next year, and there are currently no other vacancies on the seven-member Federal Reserve Board of Governors. Now, < b > Trump will have the opportunity to immediately appoint a governor to put pressure on Chairperson Powell - and this governor may succeed Powell's position. The statement said Mr. Coogler, a former chief economist at the labour department who was appointed by Mr. Biden in 2023, had tendered his resignation to President Donald Trump and would step down next Friday to return to Georgetown University as a professor. Mr. Coogler, who did not attend this week's Fed policy meeting, was absent on personal matters, the board said.
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