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President Donald Trump recently nominated one of his economic advisers to the Federal Reserve’s top ranks, but his next choice will be far more consequential. Plans for picking the next Fed chair are already taking shape.

Trump on Thursday nominated White House economist Stephen Miran to temporarily fill a vacant seat on the Fed’s Board of Governors, though he still needs to be confirmed by the Senate.

Meanwhile, the Trump administration has also been interviewing candidates for an even more powerful role: Fed chair. The current chair, Jerome Powell, has long drawn Trump’s ire for his refusal to acquiesce t

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