In a move that intensifies his battle with the Fed, Trump nominates a key economic adviser to a vacant board seat

President Donald Trump is making his first direct move to influence the Federal Reserve’s policy decisions by appointing top economic adviser Stephen Miran to a temporary seat on the central bank’s board of governors.

This nomination, announced Thursday, will fill a vacancy left by outgoing governor Adriana Kugler and is seen as a clear attempt to push for lower interest rates, a goal Trump has been publicly championing.

Miran, who currently chairs the White House’s Council of Economic Advisers, is set to serve until January 31, 2026, if approved by the Senate. His appointment would give Trump a direct ally on the powerful board, which votes on all interest-rate decisions a

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