The sudden resignation of the Federal Reserve director, Mr. Kugler, last Friday opened a new opportunity for U.S. President Donald Trump. The early departure allows him to fill vacancies at the Federal Reserve and potentially decide on the name of the next president months ahead of schedule.

According to Derek Tang, an economist at LH Meyer, the "ball is in Trump's court," who now has the chance to appoint people he trusts to important positions.

The situation of Jerome Powell, the current Fed president, is a crucial point. Although his term as president ends in May next year, he remains as director until 2028. If Powell does not leave the director position, Trump would not have the chance to fill that vacancy before 2028. This may lead Trump to use the vacancy left by Kugler to indicate a name he considers ideal for the presidency of the Fed.

Tobin Marcus of Wolfe Research highlights that this is the only position Trump can fill at the moment. If he wants to appoint someone outside the Federal Reserve for the presidency, the nomination could be announced sooner than expected.