Trump Announces Stephen Miran As Next Federal Reserve Board Member

President Donald Trump on Thursday tapped Stephen Miran, his top White House economist, to temporarily fill an open seat on the Federal Reserve Board.

Miran, chairman of the Council of Economic Advisers, would replace Gov. Adriana Kugler, who steps down Friday. The post carries a vote on the Fed’s rate-setting committee, which Trump has pressured to cut borrowing costs. If confirmed, Miran would serve through Jan. 31, 2026 while the administration searches for a permanent nominee. (RELATED: Top Fed Official To Quit, Giving Trump Key Vacancy To Fill)

“[Miran] 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 wrote on Truth Social.

A Harvard-trained economist and former Treasury official, Miran now steers the three-member Council of Economic Advisers. If confirmed by the Senate, he could be on the dais for the Fed’s Sept. 16-17 meeting, marking Trump’s first imprint on the Board in his second term.

This is a developing story and will be updated accordingly.