Trump’s New Fed Pick Envisions Central Bank Overhaul

President Donald Trump’s temporary pick to join the Federal Reserve’s board of governors is likely to advance ideas about overhauling the central back, which has been at odds with Trump over cutting interest rates.

Stephen Miran, who was chair of Trump’s Council of Economic Advisers, was nominated by the president Thursday to join the board to replace Adriana Kugler, who abruptly announced her resignation last week. He will require Senate confirmation.

Miran’s term will expire Jan. 31, but he is expected to wield considerable influence in U.S. monetary policy, even though his boldest ideas about reshaping the Fed would need congressional approval, Axios reported.

Read more at Newsmax© 2025 Newsmax. All rights reserved.