United States President Donald Trump said on Thursday he will appoint the president of the Economic Advisers, Stephen Miran, to hold the position of Federal Reserve director.
Miran will occupy the vacancy open for the surprise resignation of Fed Director Adriana Kugler, announced last week, as she returns to her position as a full professor at Georgetown University.
The mandate expires on January 31, 2026 and is subject to Senate approval.
Free tool
XP Simulator
Learn in 1 minute how much your money can yield
Trump said the White House continues to look for someone to occupy the 14 -year -old chair of the Fed board of directors that will be vacant on February 1.
Miran has advocated a wide revision of the Fed governance, which would include the reduction of the board members of the board members, placing them under the clear control of the president and ending the “revolving door” between the executive branch and the Fed.
Trump has unsuccessfully pressured the Fed to reduce interest rates. Miran, if confirmed by the Senate, would have one of the 12 votes on the monetary policy of the Fed, which voted 9-2 last month to keep interest rates stable.
