President Donald Trump has selected Stephen Miran, chairman of the White House Council of Economic Advisers, to fill a vacant seat on the Federal Reserve Board, nominating a longtime ally and critic of recent central bank policy to serve out the remainder of an expiring term.

Miran would replace Fed Governor Adriana Kugler, whose term runs through January 31, 2026. Trump said Miran’s appointment is temporary, pending a search for a permanent nominee.

“It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026,” Trump wrote Thursday on Truth Social. “Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in m

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