Fed Governor Kugler says resigning from Fed effective Aug 8

Dr. Adriana Kugler, member of the Board of Governors of the Federal Reserve, speaks in New York

By Michael S. Derby

(Reuters) -Federal Reserve Governor Adriana Kugler said on Friday she was resigning from the Federal Reserve effective Aug. 8, the central bank said in a statement.

Kugler’s term as a governor ends next January. A Fed press release said Kugler will return to Georgetown University as a professor as of this fall. 

Kugler’s decision advances the timeline for U.S. President Donald Trump to make an appointment to the Fed board by several months.

(Reporting by Michael S. Derby; Editing by Andrea Ricci)