Federal Reserve Governor Adriana Kugler is stepping down from the central bank’s powerful board of governors, creating an immediate vacancy. This move gives President Donald Trump an early opportunity to shape the Fed’s leadership as he continues to push for lower interest rates. Kugler’s successor could ultimately replace Powell as Federal Reserve Chair next year.
Source: https://www.washingtonpost.com/business/2025/08/01/kugler-resigns-fed-trump