One of the seven members of the Federal Reserve Board of Governors, Adriana Kugler, announced she is stepping down next week, creating an opening for President Donald Trump to fill.

Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026.

Federal Reserve Governor Adriana Kugler will step down from her post on August 8, months before her terms scheduled end in January 2026. The unexpected resignation adds new uncertainty to the central banks leadership