Fed Governor’s Exit Could Accelerate Trump’s Selection of Next Chair to Succeed Powell

The news article discusses the potential impact of the resignation of Federal Reserve Governor Adriana Kugler on the selection of the next Federal Reserve Chair. Key points: - Adriana Kugler, a Federal Reserve Governor, has announced her resignation, creating an opening at the Fed earlier than expected. - This provides President Donald Trump an opportunity to fill the vacancy and potentially accelerate the selection of the next Federal Reserve Chair to succeed the current Chair, Jerome Powell. - The article suggests that Trump's ability to appoint a new Fed Governor could influence the selection of the next Chair, as the President has expressed a desire to reshape the central bank's leadership. - The resignation and potential appointment of a new Fed Governor by Trump adds an element of uncertainty to the process of selecting the next Federal Reserve Chair. The article provides a concise summary of the key facts without any overt bias, focusing on the potential impact of Kugler's resignation on the leadership transition at the Federal Reserve.