President Trump plans to nominate economist Stephen Miran to the Federal Reserve's board of governors, filling a vacancy due to Adriana Kugler's early departure. Kugler is leaving her position to return to teaching at Georgetown University. Trump's nomination of Miran reflects his intent to shape the Fed board after resuming office. He is also seeking a nominee for a 14-year term starting next year. Trump has previously criticized Fed chairman Jerome Powell for not implementing aggressive interest rate cuts, and Powell's future as chairman remains uncertain as his term ends next May.
President Trump intends to nominate White House economist Stephen Miran to the Federal Reserve's board of governors to fill a vacant seat. Miran currently heads the White House Council of Economic Advisers and previously worked in the Treasury Department during Trump's first term. His nomination follows Adriana Kugler's early departure, which allows Trump to influence the Fed board for the first time since returning to office. Furthermore, Trump is looking for a nominee for a new 14-year term on the board that begins next year.
Kugler announced her resignation last week to return to Georgetown University, leaving after her term expires at the end of January. Trump's move to nominate Miran aims to solidify his influence over the Fed, as he has been critical of Fed chairman Jerome Powell and the board's interest rate strategies. Powell's term as chairman ends next May, but he remains on the governing board through 2028 and has not confirmed whether he will continue once he steps down.
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