Trump Taps Economic Advisor for Interim Fed Role

Stephen Miran to Fill Temporary Governor Vacancy

President **Donald Trump** announced the appointment of economic advisor **Stephen Miran** as a temporary member of the Federal Reserve’s Board of Governors. The move comes after a recent resignation from the influential council.

Interim Appointment Amidst Fed Leadership Speculation

**Miran** will serve out the remainder of **Adriana Kuglerová**’s term, which concludes on January 31 of next year. **Trump** stated on his social media platform, Truth Social, that a search for a permanent replacement is underway.

Recent discussions had suggested **Trump** might consider **Miran**, a favored associate, for a more permanent position on the Fed’s board. This follows ongoing commentary from current Fed Chair **Jerome Powell** regarding the pace of interest rate reductions, a stance that has drawn criticism from the President.

Powell’s Term and Next Fed Chief Search

The tenure of Fed Chair **Jerome Powell** is scheduled to end in May of the following year. Meanwhile, Bloomberg reports, citing internal sources, that **Christopher Waller**, a current member of the Governor’s Council, is the leading candidate to succeed **Powell**.

The Federal Reserve’s policy decisions significantly impact economic indicators. For example, the U.S. unemployment rate currently stands at a low 3.9% (Bureau of Labor Statistics), reflecting the complex economic environment in which the Fed operates.