Stephen Miran was nominated by Donald Trump to fill a vacancy on the Federal Reserve Board of Governors. He currently serves as Chairman of the Council of Economic Advisors. Miran’s appointment is temporary, lasting until January 31, 2026, corresponding with the term expiration of the previous governor. This nomination awaits Senate confirmation. The nomination follows a contentious relationship between Trump and Federal Reserve Chair Jerome Powell, primarily regarding the Fed's decisions on interest rates in the current year. Trump plans to seek a permanent replacement for Miran.
Trump has announced that he would nominate Stephen Miran, currently the Chairman of the Council of Economic Advisors, to fill a newly vacant seat on the Federal Reserve Board of Governors.
Miran will have to be confirmed by the US Senate to officially join the Federal Reserve Board.
Trump indicated that Miran is a temporary pick, saying that he would only serve until January 31, 2026, coinciding with the term end of Adrian Kugler.
The appointment occurs amid a feud between Trump and Fed Chair Jerome Powell regarding interest rate policies.
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