The position, which comes with a spot on the interest rate-setting Federal Open Market Committee, comes after Fed Gov. Adriana Kugler resigned early.

Stephen Miran is President Donald Trump's nominee to become the Federal Reserve's next governor, but his name is largely unknown to the American public.

President Donald Trump on TKday said he is nominating Stephen Miran to fill a vacancy at the Federal Reserve’s Board of Governors on a temporary basis

The appointment gives President Trump a potentially more direct route to pursue his desire for easier monetary policy and sway over the world's most influential central bank.

In a decision that could recalibrate the trajectory of U.S. monetary policy—at least in the short term—President Donald J. Trump announced plans to nominate Stephen Miran to the Federal Reserve Board of Governors, filling a vacancy created by the early departure of Adriana Kugler.

Miran is currently the head of the White House Council of Economic Advisers.

President Donald Trump has announced plans to nominate economist Stephen Miran to the Federal Reserve’s Board of Governors. The appointment would fill a vacant seat on the central bank’s leadership team, but with an unusual caveat – Miran would serve for only six months.

Stephen Miran is an American economist and policy advisor, currently serving as Chair of the Council of Economic Advisers in the Trump administration and recently nominated to the Federal Reserve Board.

In MAGA world, Stephen Miran, the White House economist President Donald Trump nominated last week to the Federal Reserve’s top ranks, is a force to be reckoned with.