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PANews August 6 news, according to Global Market Broadcast, U.S. President Donald Trump stated that he will decide this week who will succeed the soon-to-be-retiring Federal Reserve Board member Adriana Kugler. The Federal Reserve announced last Friday that Kugler will resign from her position before her term ends in January next year. This gives Trump an earlier opportunity than expected to appoint someone who aligns more with his stance on interest rate cuts to the Federal Reserve Board. Meanwhile, Trump is repeatedly pressuring the Federal Reserve and its chairman Jerome Powell, demanding that the central bank lower borrowing costs. Whoever Trump chooses to be a Federal Reserve Board member could potentially become one of the successors to Powell when his term as chairman ends in May, and may align with the expectations of the Trump administration in setting the tone for interest rate policy.