Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions around interest rates and who will become the institution’s next leader.

U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank's governing board and continues its search for a new Fed chair.

P resident Donald Trump will nominate Stephen Miran, chair of the White House Council of Economic Advisers, to the Federal Reserve Board of Governors, filling the seat vacated by Adriana Kugler, who resigned months before her term was set to expire in January 2026.