Overview

• Adriana Kugler announced Friday she will leave the Federal Reserve Board on August 8, four months earlier than planned.
• The expedited vacancy allows President Trump to immediately nominate a replacement to the Board of Governors.
• Kugler did not provide a reason for her early resignation in the letter addressed to the president.
• She skipped this week’s Federal Open Market Committee meeting, marking her final session as a voting member.
• The departing governor will return to Georgetown University as a professor this fall.