Fed shake-up: Trump taps Miran as short-term governor while bidding for presidential control of central bank 

AI Summary

President Trump will nominate Stephen Miran, current Council of Economic Advisers Chairman, to temporarily fill a vacant seat on the Federal Reserve Board. Miran, who has advocated for greater presidential control over the Fed, will replace Adriana Kugler. This appointment allows Trump to potentially influence monetary policy while the White House searches for a permanent replacement and considers options for Fed Chair Jerome Powell's successor. Trump has consistently pressured the Fed to cut interest rates.