Source: Reuters
“President Donald Trump’s coming nomination of a new member of the Federal Reserve’s Board of Governors will focus attention on the plans of three others appointed by his predecessor, as well as Fed Chair Jerome Powell himself, who combined could offer a powerful counterweight against any efforts to overhaul monetary policy or the central bank’s operations. Fed Governor Adriana Kugler’s surprise resignation last week gives Trump a seat to fill months earlier than expected with someone who could serve as a Fed chief-in-waiting until Powell’s term as head of the central bank ends in May, or, should the president elevate Governor Christopher Waller to the job, add another supportive voice to the board.” (08/06/25)