Trump Taps Economic Advisors Council Chairman Stephen Miran for Federal Reserve Board Vacancy – RedState
Friday, the name of Biden on the board of directors of the Federal Reserve, Adriana Kugler, announced that she would resign from the Fed board of directors from August 8. One day before his last day, President Donald Trump announced his appointment to complete the balance of Kugler’s mandate.
President Donald Trump said Thursday that he would appoint the president of the economic advisers, Stephen Miran, to serve the last months of a newly vacant seat in the federal reserve while the White House is asking for a permanent addition to the Central Bank of Directors.
Miran, who called for a complete overhaul of the Fed governance, would succeed the Fed governor Adriana Kugler, after her surprise resignation last week, when she returned to her full professor at the University of Georgetown.
The term expires on January 31, 2026 and is subject to the approval of the Senate.
Trump went to Truth Social to announce this choice.
It is my great honor to announce that I chose Dr. Stephen Miran, current president of the Council of Economic Councilors, to serve in the headquarters which has just been released at the Federal Reserve Board until January 31, 2026. In the meantime, we will continue to seek a permanent replacement. Stephen has a doctorate. In economics from the University of Harvard, and served with distinction in my first administration. He has been with me since the start of my second term, and his expertise in the world of economics is unprecedented – he will do exceptional work. Congratulations Stephen!
Miran has proven himself a spokesperson for the prices and the Trump economy, stressing that the president of the Fed Jerome “too late” Powell is often behind the wave with regard to Trump’s movements.
WATCH::
.@Stevemiran Dort: President Trump has much better history in the place where interest rates should be President Powell. pic.twitter.com/2jmlkucpay
– James Fishback (@j_fishback) August 1, 2025
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For this reason, fed purists and financial chiefs range from skeptics to apathic on this temporary appointment; The major speculation being that Miran will smooth the way to the drop in interest rates and Trump to take more control over the governance of the Fed.
Trump said that the White House continues to search for someone to serve in the headquarters of the 14 -year -old Fed directors who opens on February 1. Trump also weighs the options for replacing the Fed Jerome Powell chair, whose mandate ends on May 15, 2026.
Trump has registered in vain that Fed’s political decision -makers – who include Powell, his six colleagues members of the board of directors and the 12 presidents of the Fed Bank – to reduce prices. The appointment of Miran to the central bank, even in a reserved space role, gives the president a potentially more direct path to pursue his desire for easier monetary policy.
Miran, in an article published last year by the Manhattan Institute, presented a case to increase the presidential control of the Fed board of directors, including by shortening their conditions. He also wants to put an end to the “rotating door” between the executive power and the Fed, and nationalize the 12 regional banks of the Fed.
It is not known how long he would have at the Fed to try to deploy his ideas, or even to vote on interest rates.
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Completely not very clear, but as we have seen, the inherited media will create the plots that are suitable for their chosen story. On the other hand, Wall Street seems to warm up this news.
The market pumps on Miran News. It was the guy who wrote Trump’s pricing strategy and designed the Mar-A Lago agreement. It’s bullish. @Stevemiran https://t.co/vertiPRB8 pic.twitter.com/gfssswtedm
– Martyparty (@Martactartymusic) August 7, 2025
Publisher’s note: Thanks to President Trump’s management and daring policies, the American economy is back on the right track.
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