Trump to Decide on Fed Governor Replacement This Week

President Donald TRUMP announced he will select a replacement for outgoing Federal Reserve Governor Adriana Kugler before the week concludes. The decision, which could be for either a permanent role or a short-term appointment, comes as Trump seeks to influence the central bank's monetary policy direction.

Kugler's resignation, effective before her term ends in January, provides Trump an unexpected opportunity to appoint a candidate aligned with his push for lower interest rates. The MOVE intensifies pressure on Fed Chair Jerome Powell to reduce borrowing costs amid ongoing economic debates.

The selected governor may emerge as a frontrunner for the Fed chair position when Powell's term expires in May, potentially reshaping the central bank's approach to rate-setting policy. Trump confirmed he's evaluating four candidates for the pivotal role.