Trump Nominates Miran as Interim Fed Governor

President Donald Trump has nominated Stephen Miran, current chair of the Council of Economic Advisers and former Treasury Department adviser, as interim Federal Reserve Board Governor following Adriana Kugler’s early resignation. Miran would serve until January 31, 2026, pending Senate confirmation. This marks Trump's first opportunity to influence the Fed since returning to the White House, while Fed Chair Jerome Powell's term is set to expire in May, giving Trump additional chances to reshape the central bank. Miran is known for his protectionist views, advocacy of tariffs, and influence on Trump’s economic agenda. The administration continues to seek a permanent Fed nominee. The announcement triggered a sharp decline in the US Dollar Index, reflecting market concerns over Miran’s policy stance.