Trump Nominates Stephen Miran for Fed Governor Role

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President Trump Taps Stephen Miran for Federal Reserve Governor Role

In a significant development that could impact the direction of U.S. monetary policy, President Donald Trump has announced the nomination of Stephen Miran to the Federal Reserve Board of Governors. Miran, who currently serves as the Chair of the Council of Economic Advisers (CEA), is set to fill the seat vacated by Adriana Kugler, who has formally resigned.

This appointment is a temporary nomination, with Miran expected to serve the unexpired portion of Kugler’s term, which ends on January 31, 2026. President Trump also confirmed that a search for a permanent replacement is still underway.

Key Details of the Nomination:

Nominee: Stephen Miran, Chairman of the Council of Economic Advisers
Position: Federal Reserve Board of Governors, replacing Adriana Kugler
Term: Through January 31, 2026
Confirmation: Subject to Senate approval, expected no earlier than September

President Trump praised Miran’s economic expertise and long-standing loyalty, stating that he had been “with me from the beginning of my Second Term.” The nomination is widely seen as a strategic effort to shift the Federal Open Market Committee (FOMC) in a direction more supportive of the administration’s push for lower interest rates.

Miran has been an outspoken critic of the Fed’s prior actions, particularly its handling of the COVID-19 stimulus. He is also the author of the “Mar-A-Lago Accord”, a controversial proposal to devalue the U.S. dollar as a strategy to reduce the current account deficit. Additionally, he has supported reciprocal tariffs, aligning closely with the administration’s trade policy agenda.

If confirmed, Miran’s presence on the board would introduce a strong pro-growth, pro-tariff voice, potentially setting the stage for friction with current Fed Chair Jerome Powell, whose term ends in May.

With the Senate Banking Committee expected to reconvene in September, Miran’s confirmation will likely be a central focus. Committee Chairman Senator Tim Scott has already praised Miran as “an accomplished economist,” adding that he looks forward to hearing more about Miran’s plans to increase transparency and accountability at the Fed.

Stay with One Nation Voice for continued updates on this evolving story.