US President Donald Trump announced on Thursday that he will nominate Stephen Miran, his current White House economic adviser, to fill the vacant seat on the Federal Reserve Board. This move is seen as part of Trump’s ongoing effort to influence interest rates at the central bank. As a short-term pick, Miran’s nomination could potentially give Trump a foothold in shaping the Fed’s monetary policy decisions.
Source: https://www.washingtonpost.com/business/2025/08/07/trump-federal-reserve-nominee-miran