President Trump has announced the nomination of Council of Economic Advisers (CEA) Chair Stephen Miran to fill a vacant Fed Governor position through January 31, 2026. Miran will step in for Adriana Kugler, who unexpectedly announced her resignation last Friday.
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“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,” Trump said in a Truth Social post on Thursday.
Miran Could be a ‘Shadow Chair’
Trump will continue to search for a permanent replacement ahead of Miran’s departure. Miran will also be required to be confirmed by a Senate vote, which likely won’t occur until next month.
Miran’s nomination comes amid speculation that Trump would nominate a “shadow chair,” or someone that echoes Trump’s view on monetary policy. Trump has long called for lower interest rates and has fiercely criticized Fed Chair Jerome Powell for keeping the federal funds rate unchanged in 2025.
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