O n Friday, the Federal Reserve announced Adriana D. Kugler, a member of its Board of Governors, is resigning early in a move that will allow President Donald Trump to select her replacement amid ongoing tensions with Jerome Powell, the body's chair.

President Trump recently nominated Stephen Miran, head of the Council of Economic Advisers, to fill a vacancy on the Federal Reserve, bringing a loyalist into the central bank. The opportunity arose unexpectedly when Fed governor Adriana Kugler resigned six months ahead of her term's end.