The Federal Reserve Board of Governors Kuger resigns early, adding new appointment opportunities for Trump.

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On August 2, in a statement, the Fed announced that Federal Reserve Board Governor Quigley will resign next week, providing Trump with an opportunity to appoint a favored candidate who may take a leadership position in the Central Bank ahead of schedule. Quigley's position was not set to become vacant until January next year, and there are currently no other vacant positions on the seven-member Federal Reserve Board.

Now, Trump will have the opportunity to immediately appoint a governor to pressure Chairman Powell—and this governor could potentially succeed Powell. The statement said that Kugler has submitted his resignation to President Trump and will step down next Friday (August 8) to return to Georgetown University as a professor.

Kugler did not attend this week's Fed policy meeting, with the Board stating that he was absent due to personal matters. Kugler previously served as the Chief Economist at the U.S. Department of Labor and was appointed to the Federal Reserve Board of Governors by Biden in 2023.

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SigmaBrainvip
· 08-04 05:30
Old Chuan has finally waited for the opportunity.
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LayerZeroHerovip
· 08-03 08:20
The Fed is about to put on a grand show again recently, how coincidental to return to school early.
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TokenDustCollectorvip
· 08-01 22:45
Powell is in trouble, right?
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MidnightGenesisvip
· 08-01 22:41
Interesting, the choice of the time point for the number 8.8 is significant.
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OnchainArchaeologistvip
· 08-01 22:37
There's another good show to watch.
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token_therapistvip
· 08-01 22:23
It's time to stir things up again.
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SingleForYearsvip
· 08-01 22:22
Chuanbao is doing pretty well this time.
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