Trump: Will announce candidates for the vacant Federal Reserve Board position in the coming days

ChainCatcher news, according to Jinshi reports, U.S. President Trump will announce a candidate in the coming days to fill the vacant position on the Federal Reserve Board.

The Federal Reserve stated in a statement that Fed Governor Quigley will resign next week, providing Trump an opportunity to appoint a favored candidate ahead of time. Now Trump will have the chance to immediately appoint a governor to pressure Chairman Powell—and this governor could potentially succeed Powell. Quigley has submitted his resignation to President Trump and will step down next Friday to return to Georgetown University as a professor. Quigley did not attend last week's Federal Reserve policy meeting, and the board stated he was absent due to personal matters. Quigley previously served as the Chief Economist at the U.S. Department of Labor and was appointed to the Federal Reserve Board by Biden in 2023.