Fed Governor’s Exit Could Accelerate Trump’s Selection of Next Chair to Succeed Powell
President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24.
Photographer: Chip Somodevilla/Getty Images
President Donald Trump suddenly has a chance to fill an opening at the Federal Reserve earlier than expected, after Fed Governor Adriana Kugler announced her resignation Friday.
It may also force him to pick the next Fed chair months sooner than he’d anticipated.