Trump Taps Miran for Fed Board: A Controversial Move

In a move that has stirred controversy, US President Donald Trump has nominated Stephen Miran, the current Chairman of the Council of Economic Advisors, to a vacant seat on the Federal Reserve Board of Governors. This announcement follows the recent resignation of board member Adriana Kugler.

Trump praised Miran's credentials, noting his doctorate in economics from Harvard and his significant contributions during Trump's administration. The President described Miran's economic expertise as "unparalleled," underscoring his central role in the administration's tariff strategy.

While supporters endorse Miran's appointment, critics have raised concerns over potential political influences on the Federal Reserve, which historically operates independently. Miran could be in line for future leadership roles, particularly if current Chair Jerome Powell vacates his position when his term expires in 2026.

(With inputs from agencies.)