Summary
President Donald Trump announced he wants to appoint Stephen Miran to the Federal Reserve's board of governors for a few months. This appointment would temporarily replace Adriana Kugler, who is leaving the position. Miran would serve until the end of January 2026 if the Senate approves him.
Key Facts
- Trump plans to nominate Stephen Miran to the Federal Reserve board.
- Miran is currently the chair of the White House’s Council of Economic Advisers.
- The nomination is for a short-term role lasting until January 31, 2026.
- The position became open after Adriana Kugler, a Biden appointee, announced her departure.
- The Senate must approve Miran's appointment.
- Trump has criticized the current Fed chair, Jerome Powell, over interest rates.
