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.

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,