Federal Reserve governor Adriana Kugler's resignation creates high odds that the nation will soon learn who the next leader of the central bank will be. Why it matters: There is a high likelihood that President Trump's nominee to the vacant post will join the Fed well before the chairmanship of its current leader,

Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026.

O n Friday, the Federal Reserve announced Adriana D. Kugler, a member of its Board of Governors, is resigning early in a move that will allow President Donald Trump to select her replacement amid ongoing tensions with Jerome Powell, the body's chair.