President Trump has named Dr. Stephen Miran, chairman of the Council of Economic Advisors, as a temporary replacement on the Federal Reserve Board of Governors.
Miran’s interim term will run through until Jan. 31, 2026. In a Truth Social posting, the president said his administration would “continue to search for a permanent replacement.”
Miran replaces Adriana Kugler, who last week abruptly announced she would be stepping down from the board, effective Aug. 8. Miran served as an advisor of economic policy for the Department of the Treasury in Trump’s first term, from 2020 to 2021, and was a senior strategist at Hudson Bay Capital Management before rejoining the Trump administration this year.
“Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration,” Trump announced online. “He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!”
