US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.

Kugler, who was nominated by former president Joe Biden in 2023, did not give a reason for stepping down from the Fed's board.

Her term was due to end in January 2026, but her departure -- effective August 8 -- gives Trump the chance to appoint someone new to the Fed sooner than anticipated, shaping its leadership.

Trump said he was "very happy" about the upcoming vacancy, after Kugler submitted her letter of resignation to him.

The personnel shift comes as the Fed faces intensifying pressure under Trump, who has repeatedly criticized the central bank's chief Jerome Powell for n

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