Top Fed Official To Quit, Giving Trump Key Vacancy To Fill

Federal Reserve Board Gov. Adriana Kugler will resign from her position later this month, the Fed announced on Friday. 

Kugler, who has served on the Reserve’s Board of Governors since September 2023, is stepping down Aug. 8, according to a press release. She is planning to return to Georgetown University as a professor this fall.

“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said in a statement. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”