Trump mentions Stephen Miran in the Federal Reserve Board seat

Kugler has stated her plans to return to the University of Georgetown this fall as a professor, according to a statement from the FED.

“(Miran) has been to me since the start of my second term and his expertise in economics is unparalleled,” Trump said in a post Truth Social. “He will do an excellent job.”

Miran attracted attention last year after publishing a paper that argued for aggressive use of rates to reform world trade.

His nomination comes at a time when Trump has been vocal in his criticism of the Federal Reserve and chairman Jerome Powell, insistently on interest rate letings to stimulate the economy.

Kugler consistently voted with Powell and the Federal Open Market Committee (FOMC) majority to keep the rates stable this year.

Trump reportedly confronted with internal pressure to remove Powell – although such a movement would probably get legal challenges. Powell’s term as a FED chair expires in May 2026.

The potential successors of Powell are said to include the national economic council director Kevin Hassett, former Fed governor Kevin Warssh and the current board members Christopher Waller and Michelle Bowman.

During the FOMC meeting in July, Bowman and Waller did not agree for a speed reduction – the first double different opinions on the board since 1993.

The White House has indicated that it will also look for a long -term candidate as soon as the short term of Miran is closed at the beginning of 2026.