TechFlow, August 2 — According to Jinshi News, Federal Reserve Governor Kugler unexpectedly announced her resignation on Friday, giving U.S. President Trump an earlier-than-expected opportunity to fill a vacancy at the Fed and potentially forcing him to finalize his choice for the next chair months ahead of schedule. Derek Tang, economist at monetary policy analysis firm LH Meyer, said the ball is now in Trump's court—Trump who has consistently pressured the Fed to install his own people. The opportunity has arrived. Although Chair Powell’s term as chair ends in May next year, his term as governor runs through 2028. If Powell does not voluntarily resign as governor, Trump will have no further chance to appoint a new governor before 2028. Under these circumstances, Trump may be forced to use his intended chair nominee to fill Kugler’s vacancy. Tobin Marcus, Head of U.S. Policy and Political Strategy at Wolfe Research, pointed out: The key is that this is the only vacant position Trump can actually act on. If he wants to pick the next chair from outside the Fed, the nomination could be revealed earlier than expected.
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