What happened

President Donald Trump said Thursday he will nominate Stephen Miran, the chair of his Council of Economic Advisers, to fill the seat on the Federal Reserve Board of Governors left vacant by last week's unexpected resignation of board member Adriana Kugler.

Trump said that Miran, a fellow critic of Fed chair Jerome Powell 's interest rate policies, would serve until the end of January, when Kugler's term was due to expire.

Who said what

If confirmed, Miran would "add a near-certain vote in support of lower interest rates," joining Trump's first-term Fed picks Christopher Waller and Michelle Bowman, The Associated Press said. But "even with Miran on the board," many of the other 12 Fed officials who vote on rate policy "remain concerned that Trump's sweeping tariffs c

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