A Federal Reserve governor, Adriana D. Kugler, has announced she will resign from the Fed effective Aug. 8, several months ahead of the end of her term in January.

According to the Fed and Reuters, Kugler, appointed by President Joe Biden and confirmed in September 2023 to complete a term originally ending Jan. 31 of the coming year, will return to Georgetown University as a professor this fall.

Her early departure creates an immediate vacancy on the Fed’s seven-member governing board, giving President Donald Trump an early opportunity to nominate a replacement who could influence future Fed policy, including potentially the leadership direction beyond Chair Jerome Powell.

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