President Trump nominated Stephen Miran, chair of the White House’s Council of Economic Advisers, to the Federal Reserve Board of Governors to temporarily fill a vacancy left by Biden appointee Adriana Kugler. Miran is known for his strong support of tariff policies and tax cuts under Trump's administration, advocating for lower interest rates to stimulate economic growth and reduce government borrowing costs. His appointment, pending Senate approval, may represent a shift in the Fed's stance toward more accommodative monetary policy amid ongoing debates over inflation and economic growth. The nomination highlights growing concerns over political influence on the traditionally independent Federal Reserve.