President Trump is being encouraged by advisers to nominate a temporary Federal Reserve governor to fill Adriana Kugler’s seat, who is stepping down on August 8, Annmarie Hordern, Saleha Mohsin and Joshua Green of Bloomberg report, citing people familiar with the discussions. Naming a governor to serve out the term for the seat, which is set to expire in January 2026, would give Trump additional time to interview candidates, sources told Bloomberg. A short-term governor could be somebody who has been previously confirmed by the Senate for a federal job, two people said.
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