Trump Picks Tariff Advocate for Fed Board Vacancy

President Trump has nominated Stephen Miran, chair of the Council of Economic Advisers and a strong advocate of Trump’s economic agenda, to fill the temporary Federal Reserve Board vacancy left by Adriana Kugler's resignation, with his term set to end January 31, 2026. Miran is recognized as a key architect of Trump’s tariff policies, a position that has drawn both Republican support and sharp criticism from Democrats, notably Senator Elizabeth Warren. He has also been an outspoken critic of Fed Chair Jerome Powell. The nomination faces likely opposition from Senate Democrats and is not expected to be considered until Congress returns in September. Trump has indicated that the search for a permanent replacement is ongoing. Miran’s appointment is seen as strengthening Trump’s influence over Federal Reserve policy during this period.