Trump to Settle on New Fed Governor by End of Week

President Donald Trump said he would select a new Federal Reserve governor before the end of the week.

At a White House event Tuesday in which Trump signed an executive order about preparations for the 2028 Los Angeles Olympics, a reporter asked Trump whether he had chosen a replacement for a vacant seat on the Federal Reserve Board.

“I’ll be making that decision before the end of the week, and we’ll either decide on one for permanence or the four-month period,” he said. “We’ve narrowed it to a couple of candidates, and we’re also looking at the Fed chair, and that’s down to four people right now.”

Adriana Kugler announced her resignation as a member of the Federal Reserve Board of Governors on Friday with an effective date of Aug. 8.

Adriana Kugler (Saul Loeb/AFP via Getty Images)

James Fishback, founder and CEO of Azoria, the investment firm behind the anti-DEI exchange-traded fund known as the Azoria 500 Meritocracy Fund, said he spoke by phone with Trump about the Fed seat on Monday.

“The president has exceptional instincts and no shortage of highly qualified candidates,” Fishback said. “If he asks me, I would be honored to serve him temporarily until he names a permanent nominee when this seat’s term ends in January 2026.”

If appointed, 30-year-old Fishback would be the youngest Fed governor in history. Kevin Warsh currently holds the record as the youngest person ever appointed to the Federal Reserve Board of Governors. He took office in February of 2006 at 35 years old.

Fishback also shared with the president Azoria’s research “confirming the July jobs numbers were massively distorted,” he told The Daily Signal.