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Kugler's surprise resignation could speed up Trump's selection of the next Fed chairman
6hours ago

According to Odaily Planet Daily, Federal Reserve Board Governor Kugler's sudden resignation on Friday presents President Trump with an opportunity to fill the Fed vacancy sooner than expected, potentially forcing him to finalize his next chairmanship months in advance. Derek Tang, an economist at the monetary policy analysis firm LH Meyer, said, "The ball is now in Trump's court. He has been pressuring the Fed to install his own candidate. Now is his chance." While Powell's term as chairman ends in May of next year, his term as a governor runs until 2028. If Powell doesn't resign voluntarily, Trump won't have another chance to fill the vacancy before 2028. In this scenario, Trump might be forced to replace Kugler with a candidate he might promote as chairman. Tobin Marcus, head of U.S. policy and political strategy at Wolfe Research, noted, "The key is that this is the only vacancy Trump can fill. If he wants to find the next Fed chair from outside, the nomination could be announced earlier." (Jinshi)