A photograph taken on June 17, 2025, in Washington, D.C., shows Stephen Miran. On August 7, 2025, U.S. President Donald Trump declared his selection of Miran, the chair of the Council of Economic Advisers, to fill a vacant position on the Federal Reserve Board. His term is scheduled to last until January 31, 2026.
The Trump administration will continue its search for a permanent replacement for Fed Governor Adriana Kugler, whose resignation is set to take effect on August 8.
Miran is considered a significant advisor in the development of U.S. trade policies during Trump's second term. He previously worked as an economic policy advisor for the U.S. Department of the Treasury from 2020 to 2021.
The Federal Reserve System's Board of Governors is intended to consist of seven members. These members are nominated by the U.S. president and must be confirmed by the Senate.
3 Comments
BuggaBoom
Glad to see someone from the administration with a focus on trade policy!
Loubianka
I’m optimistic about Miran’s potential to drive effective economic policy.
Noir Black
Great choice by Trump! Miran’s experience will benefit the Fed greatly.