Fed Governor Announces Resignation, Opening Vacancy on Interest Rate-Setting Committee

Adriana Kugler did not cite a reason but said she would return to her teaching position at Georgetown University in the fall.

Adriana Kugler, member of the Board of Governors of the Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards at the Federal Reserve Board building in Washington on June 25, 2025. Saul Loeb/AFP via Getty Images

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, creating a vacancy on the central bank’s 12-member interest rate setting committee that President Donald Trump will have an opportunity to fill.

Kugler, an appointee of President Joe Biden whose term was set to expire in January 2026, announced her departure in an Aug. 1 letter to Trump, saying she would return to her teaching post at Georgetown University this fall. She did not give a reason for her resignation.