Federal Reserve Gov. Adriana Kugler announced Friday she will resign from the central bank’s board Aug. 8, leaving a key vacancy for President Trump to fill ahead of schedule. Kugler, who was appointed to the Fed board by former President Biden and confirmed in 2023,

Federal Reserve governor Adriana Kugler announced that she will step down next Friday, opening up a spot on the central bank’s powerful board that President Donald Trump will be able to fill.

Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026.