Overview

• President Trump said he will announce his nominee for the Federal Reserve Board vacancy left by Adriana Kugler’s sudden resignation before the weekend.
• The seat’s term runs through January 2026, giving the administration a pathway to shape monetary policy ahead of Jerome Powell’s May 2026 term expiration.
• Trump has identified four finalists for the role, confirming Kevin Warsh and Kevin Hassett while Treasury Secretary Scott Bessent declined the offer.
• Two additional candidates remain unnamed, with reports suggesting current Fed Governor Christopher Waller could be among them.
• Officials view the appointment as a strategic step toward installing an ally supportive of interest-rate cuts and as groundwork for the next Fed chair decision.