Federal Reserve Governor Cooley will resign on the 8th. Trump can make personnel appointments in advance.

Journalists learned on August 1st local time that Federal Reserve Board Governor Adriana Cullar announced her resignation, effective on August 8th. The Federal Reserve stated in a statement that Cullar will return to Georgetown University as a professor this fall. Cullar's term as governor was originally scheduled to end in January next year, but her early resignation allows President Trump to make new appointments to the Federal Reserve Board several months earlier. The Federal Reserve did not provide further explanation for Cullar's resignation. Cullar was nominated during the Biden administration and was confirmed by the Senate in 2023 to become the first Latina female governor of the Federal Reserve.