Coin World News reported that on August 2 (UTC+8), Federal Reserve Governor Adriana Kugler announced her resignation, ending her less than two-year term as a governor. In her letter to President Trump, Kugler did not specify the exact reason, only stating that she would return to teach at Georgetown University in the fall. She was nominated by Biden to join the Federal Reserve Board in 2023 and is a voting member of the Federal Open Market Committee (FOMC). Kugler has recently taken a hawkish stance on maintaining high interest rates, and her departure provides Trump with the opportunity to nominate a new governor, which may further advance his calls for rate cuts. The previous two governors appointed by Trump had voted in favor of rate cuts at the last meeting. (Source: CNBC)