U.S. President Donald Trump announced on Thursday that he has chosen Stephen Miran, currently leading the White House Council of Economic Advisers, to take on the vacant seat on the Federal Reserve Board of Governors. Miran will hold this position until January 31, 2026.
Additionally, the Trump administration is actively looking for a permanent replacement for the role left open by Fed Governor Adriana Kugler, whose resignation takes effect today.
Miran is seen as a key advisor in shaping U.S. trade policies during Trump’s second term. He previously worked as an economic policy advisor at the U.S. Department of the Treasury from 2020 to 2021.
The Federal Reserve’s Board of Governors consists of seven members, all of whom are appointed by the President and confirmed by the Senate.
