U.S. President Donald Trump announced on Thursday that he would name Stephen Miran, chair of the Council of Economic Advisers, to the Federal Reserve Board.

Miran would succeed Adriana Kugler, who said she would leave the board before her term expires on Jan. 31. If confirmed by the Senate, Miran would serve out the rest of her term.

A Harvard University-educated economist, Miran served in the U.S. Treasury Department during Trump’s first term. He is one of several Jewish Americans serving in the current administration.

“He has been with me from the beginning of my second term, and his expertise in the world of economics is unparalleled,” Trump stated . “He will do an outstanding job.”

Miran is expected to support Trump’s efforts to get the Federal Reserve to lower interest rates. Th

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