Stephen Miran, chairman of the Council of Economic Advisors, at the White House in Washington, D.C., on June 17. Photo by Alex Brandon/AP files

U.S. President Donald Trump said he had chosen Council of Economic Advisers chairman Stephen Miran to serve as a Federal Reserve governor.

“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,” Trump said in a social media post.

Trump said that Miran, who will need to be confirmed by the U.S. Senate, would only serve the expiring term of Fed governor Adriana Kugler, which ends in January.

“In the meantime, we will continue to search for a permanent replacement,” Trump said.

The Bloomberg Dollar Spot Index erased its daily gains on the news o

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