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.

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.