7 August 2025, 08:38 USA: Trump Eyes Temporary Fed Pick as Kugler Steps Down.
President Donald Trump said on Wednesday he is likely to nominate a temporary Federal Reserve governor in the coming days to fill the seat soon to be vacated by Adriana Kugler, who plans to step down on August 8. Trump mentioned he is “probably” considering three candidates for the interim role, possibly from Wall Street. He also noted that Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Vice President JD Vance are involved in the selection process. Separately, Trump reaffirmed that “the two Kevins” - former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett - remain top contenders for the Fed Chair position when it becomes available.
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