Trump calls Stephen Miran to fill the vacant chair on Federal Reserve Board
President Donald Trump has officially appointed Stephen Miran, the current chairman of the Council of Economic Advisors, to fill the vacant seat on the Federal Reserve Board of Governors. This decision comes shortly after Fed Governor Adriana Kugler submitted her resignation earlier this month.
The announcement was made on August 7th through Truth Social, a social media platform created by Trump. Miran will be stepping into his new role on the Federal Reserve Board, bringing with him a wealth of experience and expertise in economic matters.
Miran’s appointment comes at a pivotal time for the economy, as the Federal Reserve plays a crucial role in shaping monetary policy and maintaining stability in the financial markets. With his background in economics and his track record of success in previous roles, Miran is well-equipped to handle the challenges that lie ahead.
During his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee, Miran showcased his deep understanding of economic issues and his commitment to upholding the Fed’s mandate of promoting maximum employment, stable prices, and moderate long-term interest rates.
As Miran prepares to take on this new role, the financial markets will be closely watching to see how his leadership will impact monetary policy decisions and the overall direction of the economy. With his appointment, President Trump has signaled his confidence in Miran’s ability to navigate the complex economic landscape and steer the Federal Reserve Board in the right direction.
It remains to be seen how Miran will approach his new responsibilities on the Federal Reserve Board, but one thing is certain – his appointment marks a significant moment in the ongoing efforts to ensure a strong and stable economy for all Americans.
