New Delhi, Aug. 4 -- Governor Adriana Kugler has stepped down from the US Federal Reserve board, providing US President Donald Trump with an important chance to shape monetary policy before the 2026 transition of the central bank's chair.

Kugler is the first Hispanic to serve on the Fed's Board of Governors. She submitted her resignation letter on Friday, effective August 8. With her term ending in January 2026, her early exit comes amid Trump's latest attack on Fed Chair Jerome Powell.

Dr. Adriana D. Kugler was appointed on the Board of Governors of the Federal Reserve System since September 13, 2023, for a term until January 31, 2026.

Before her appointment to the Board, she was the US Executive Director at the World Bank Group. She ...