Coinatory Publisher
Federal Reserve Governor Adriana D. Kugler announced her resignation on August 1, 2025, with the departure effective on August 8, allowing for a presidential appointment ahead of schedule.
President Donald Trump promptly nominated Dr. Stephen Miran, current Chair of the Council of Economic Advisers and a Trump loyalist with a Ph.D. from Harvard, to fill the vacancy temporarily until January 31, 2026, while continuing the search for a permanent replacement. The appointment, which may proceed as a recess nomination, requires subsequent Senate confirmation.
Miran’s temporary placement augments Trump’s influence on the rate‑setting board at a time when the President has repeatedly pushed for lower interest rates and openly criticized Fed Chair Jerome Powell. Analysts assess his position as that of a “seat‑warmer” whose short tenure limits his policy impact, although his presence signals the administration’s monetary priorities. Potential future candidates to helm the central bank include Kevin Hassett, Kevin Warsh, and Christopher Waller.
Governor Kugler, a Biden appointee and the first Hispanic woman on the Fed Board, will return to Georgetown University after nearly two years, concluding a chapter marked by steady oversight and labor and inflation‑focused expertise.
