Kugler's unexpected resignation may accelerate Trump's decision on the next chair of the Federal Reserve

According to reports, Kugler unexpectedly announced his resignation from the Federal Reserve Board on Friday, creating an opportunity for President Trump to fill the vacancy at the Fed ahead of schedule, possibly forcing him to determine a successor within months. LH Meyer economist Derek Tang pointed out that Trump has been pressuring the Fed, hoping to install his own person, and this opportunity has now arisen. Powell's term as chairman will end in May next year, but his term as a board member extends until 2028. If Powell does not voluntarily resign from his board position, Trump will have no chance to fill that vacancy before 2028. In this case, Trump may be forced to propose an interim solution to fill Kugler's vacancy. Tobin Marcus, head of American policy and political strategy at Wolff Research, emphasized that this is the only operational vacancy for Trump; if he plans to appoint a new Fed chair from outside, the nomination may be announced early.