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2025-08-02 03:37:05
[Federal Reserve Board Governor Kugler will resign next week, giving Trump an early opportunity to appoint] The Federal Reserve statement shows that Federal Reserve Board Governor Kugler will resign next week, giving Trump an early opportunity to appoint a candidate he favors, who may take up a leadership position in the central bank. Kugler's position was originally vacant in January next year, and there are currently no other vacancies on the seven-member Federal Reserve Board. Now, Trump can immediately appoint a board member who may succeed Powell and use this opportunity to put pressure on Chairman Powell. The statement said that Kugler will step down next Friday (August 8) and return to Georgetown University as a professor. She did not attend the Federal Reserve policy meeting this week. The board said she was absent due to personal matters. Kugler was previously the chief economist of the U.S. Department of Labor and was appointed to the Federal Reserve Board by President Biden in 2023. (Refinitiv)
