The position, which comes with a spot on the interest rate-setting Federal Open Market Committee, comes after Fed Gov. Adriana Kugler resigned early.

President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.“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,

P resident Donald Trump will nominate Stephen Miran, chair of the White House Council of Economic Advisers, to the Federal Reserve Board of Governors, filling the seat vacated by Adriana Kugler, who resigned months before her term was set to expire in January 2026.