Federal Reserve governor Adriana Kugler's resignation creates high odds that the nation will soon learn who the next leader of the central bank will be. Why it matters: There is a high likelihood that President Trump's nominee to the vacant post will join the Fed well before the chairmanship of its current leader,

Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is "TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair" in a post on his Truth Social website on Thursday.

Adriana Kugler, who sits on the Federal Reserve Board of Governors, unexpectedly announced her resignation on Friday, giving President Donald Trump a new vacancy to fill at the Fed. Kugler, 55, first assumed office at the Fed board in 2023.