#USFedNewChair President Trump has nominated Dr. Stephen Miran, the current Chairman of the Council of Economic Advisers, to join the Federal Reserve Board of Governors, replacing Biden appointee Adriana Kugler, who is stepping down.
Role & Timeline: Miran's appointment is temporary, expected to last until January 31, 2026, pending Senate confirmation.
Strategic Significance: It signals Trump’s intent to inject a loyal ally into the Fed, potentially influencing rate policy from within. Analysts see Miran’s nomination as a strategic move to solidify political influence over monetary policy.