09.08.2025 11:07

President Donald Trump swiftly appointed Stephen Miran to fill the Federal Reserve governorship vacancy left by Adriana Kugler's resignation last week. Miran, a trusted advisor to the President, will assume the role temporarily. This rapid action underscores the administration's commitment to maintaining stability within the Federal Reserve.

The Council of Economic Advisors' current chairman will temporarily serve as a stand-in for Kugler until Miran's nomination is confirmed. This interim arrangement ensures the Federal Reserve continues its operations without interruption. The selection of Miran, a known quantity to the President, suggests a preference for continuity and familiar policy approaches.

Miran's nomination now heads to the Senate for confirmation. This process will involve scrutiny of his qualifications and experience, likely sparking debate among senators regarding his suitability for the critical position. The timeline for confirmation remains uncertain, adding an element of anticipation to the process.

Sources from internet resources report that the appointment is viewed by some as a strategic move, aligning the Federal Reserve's direction more closely with the President's economic agenda. Others anticipate a period of careful observation and assessment before forming conclusions about the implications of Miran's appointment. The coming weeks will be pivotal in determining the broader effects of this leadership change within the Federal Reserve.