Last week, Adriana Kugler, one of the seven members of the Federal Reserve Board of Governors, announced her resignation. That means that President Donald Trump will have the opportunity to nominate a new member, who will then face the U.S. Senate for confirmation.

U.S. President Donald Trump on Tuesday said he would announce decisions soon on a short-term replacement for Federal Reserve Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair.

President Donald Trump plans to fill two important economic vacancies in the next 3-4 days, he said Sunday. The BLS commissioner and a vacancy on the Fed board.