The Federal Reserve has announced that Fed Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, a move that results in a vacancy on the central bank’s 12-member interest rate setting committee that President Donald Trump will have an opportunity to fill.
In an Aug. 1 letter announcing her exit, Kugler did not cite a reason but said she would return to her teaching position at Georgetown University in the fall.
“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”…