Adriana Kugler, who sits on the Federal Reserve Board of Governors, unexpectedly announced her resignation on Friday, giving President Donald Trump a new vacancy to fill at the Fed. Kugler, 55, first assumed office at the Fed board in 2023.

Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is "TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair" in a post on his Truth Social website on Thursday.

A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy.