Fed Governor’s Exit May Speed Trump’s Pick to Succeed Powell

President Donald Trump suddenly has a chance to fill an opening at the Federal Reserve earlier than expected, after Fed Governor Adriana Kugler announced her resignation Friday.

It may also force him to pick the next Fed chair months sooner than he’d anticipated.

“The ball is now in Trump’s court,” said Derek Tang, an economist at LH Meyer/Monetary Policy Analytics, Inc. “Trump is the one who’s been putting pressure on the Fed to do this and that, and Trump says he wants to have his own people on. So now he has the opportunity.”

Kugler’s exit unfolds amid unprecedented ...