Trump: Will Announce Nominee for Vacant Federal Reserve Board Seat in the Coming Days

By: theblockbeats.news|2025/08/04 08:42:23
0
Share
copy

BlockBeats News, August 4th, U.S. President Trump: Will announce a nominee in the coming days to fill the vacant position of Federal Reserve Board Governor. (FXStreet)

On August 2nd, the Federal Reserve announced in a statement that Fed Governor Cugler will resign next week, providing Trump with an early opportunity to appoint a favored candidate. Trump now has the opportunity to immediately appoint a governor to pressure Chairman Powell—and this governor could potentially succeed Powell. Cugler has submitted his resignation to U.S. President Trump and will step down on August 8th to return to Georgetown University as a professor. Cugler did not attend last week's Federal Reserve policy meeting, with the Board stating that he was absent due to personal affairs. Cugler previously served as the Chief Economist at the U.S. Department of Labor and was appointed as a Fed Governor by Biden in 2023.

-- Price

--

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com