Fed Governor Kugler Resigns, Giving Trump Vacancy

Axios

 

Federal Reserve governor Adriana Kugler will resign her job next week, the Fed said in an announcement, giving President Trump an early opportunity to appoint a favored candidate for potential leadership of the central bank.

Kugler’s spot was not scheduled to come open until January and there are no other vacancies on the seven-member board.

Now Trump will have an opportunity to appoint a governor to pressure Chair Jerome Powell — and potentially succeed him — immediately.

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