Federal Reserve Governor Quarles' unexpected resignation may accelerate Trump's selection of the next Federal Reserve Chair

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Quigley suddenly announced his resignation on Friday, providing President Trump with an opportunity to fill the Federal Reserve vacancy earlier than expected, and may also force him to finalize the next chairman candidate months in advance.

Derek Tang, an economist at monetary policy analysis firm LH Meyer, stated, "The ball is now in Trump's court. Trump has been pressuring the Federal Reserve, claiming he wants to install his own people. Now the opportunity has come."

Although Powell's term as chairman ends in May next year, his term as governor lasts until 2028. If Powell does not voluntarily resign from his governorship, Trump will have no opportunity to fill the vacancy before 2028.

In this case, Trump may be forced to use the proposed chairman candidate to fill Quigley's vacancy. Tobin Marcus, head of U.S. policy and political strategy at Wolff Research, pointed out, "The key is that this is the only vacancy Trump can operate on. If he wants to look for the next chairman from outside the Federal Reserve, the nomination may be revealed sooner."