President Trump said via Truth Social: “It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026. In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled – He will do an outstanding job. Congratulations Stephen!”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Trump preparing to nominate Miran to Fed board, Bloomberg says
- Oil Dips as White House Sets Conditions for a Trump-Putin Meeting
- Dow Jones Index Today: DJIA Stumbles on Concerning Jobs Report as a New Top Fed Chair Candidate Emerges
- Race to Replace Powell Receives a New Top Contender
- Cambodia Nominates Trump for Nobel Peace Prize over ‘Extraordinary Statesmanship’