📢 BREAKING: Trump Nominates Stephen Miran to Fed Board

#USFedNewChair #FederalReserve #StephenMiran

🗓️ On August 7, 2025, President Trump nominated Stephen Miran, current Chair of the Council of Economic Advisers, to temporarily fill a vacant seat on the Federal Reserve Board of Governors. His term will run through January 31, 2026, pending Senate confirmation.

📉 Market Impact:

The U.S. dollar slipped and market expectations for a rate cut in September surged above 90%—reflecting Miran’s reputation as a supporter of looser monetary policy and less Fed independence.

👀 What to Watch:

Senate confirmation process

Powell's future as Chair (term ends May 2026)

Possible shift in Fed direction under Trump

🧠 Miran has called for bold reforms—including shorter Fed board terms and nationalization of regional Federal Reserve banks.