President Donald Trump on Thursday announced his intent to nominate Stephen Miran, chairman of the White House’s Council of Economic Advisers, to the Federal Reserve Board of Governors.
Miran would temporarily fill the seat left vacant by Biden appointee Adriana Kugler, who is stepping down Friday. If confirmed by the Senate, Miran would serve until January 31, 2026. Miran’s nomination is likely to raise concerns over political influence at the Fed, an institution long prized for its independence.
The appointment marks Trump’s first opportunity in his second term to exert more direct control over the Federal Reserve—an institution he has repeatedly criticized. Trump last week lashed out at Fed Chair Jerome Powell on social media, calling him “a stubborn MORON” for not cutting interest rates amid his sweeping new tariffs.
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Source: https://www.newsweek.com/federal-reserve-stephen-miran-donald-trump-jerome-powell-2110529
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