Kugler Resigns Early, Trump to Fill Fed Seat

Federal Reserve Governor Adriana Kugler has announced her early resignation, effective August 8, 2025, well before her term's scheduled end in January 2026. Kugler, the first Hispanic Fed governor and a Biden appointee, will return to Georgetown University as a professor. Her departure creates a vacancy on the central bank's seven-member board, giving President Donald Trump the opportunity to appoint a replacement and influence the Fed's future policy direction. The resignation comes amid heightened tensions between Trump and Fed Chair Jerome Powell, whose term ends in May 2026, and ongoing debate about interest rate policy. Kugler was absent from the recent policy meeting due to personal matters, and analysts suggest her resignation does not appear politically motivated. Nonetheless, the vacancy grants Trump significant sway over the Federal Reserve in the coming years.