Trump nominates Stephen Miran to Federal Reserve board

The White House plans to nominate economist Stephen Miran to the Federal Reserve board. Miran has previously criticized certain central bankers, accusing them of having "tariff derangement syndrome" due to their opposition to President Trump's trade policies.

Editor’s Note: This story matters because it signals the Trump administration's continued push to shape the Federal Reserve with officials who align with its economic policies, particularly on trade. Miran's nomination could influence future Fed decisions on interest rates and trade-related economic strategies.

President Trump has nominated Stephen Miran, his top economic adviser and current chair of the Council of Economic Advisers, to temporarily fill a vacant seat on the Federal Reserve Board of Governors. The position opened up after Adriana Kugler announced her early departure.

Editor’s Note: This move could shape the Fed's direction in the short term, especially as it deals with inflation and interest rates. While it's a temporary appointment, it reflects the administration's focus on influencing economic policy. For everyday folks, it’s a reminder that who’s at the Fed can impact everything from mortgage rates to job growth.

Investors are responding to the news that President Trump has selected Miran as a potential Federal Reserve Governor, a move that could influence monetary policy and financial markets.

Editor’s Note: The Federal Reserve plays a huge role in shaping the U.S. economy, from interest rates to inflation control. Trump's pick for Fed Governor could signal shifts in policy direction, which is why markets and investors are closely watching. Depending on Miran's background and views, this could mean changes in borrowing costs, stock market trends, or even broader economic stability.